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Provider: ValuEngine, Inc.
Provider: MacroRisk Analytics/EconomicInvestor
Provider: ValuEngine, Inc.

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HCI Group Inc announces pricing of $100 million offering of convertible senior notes due 2019

Friday, 6 Dec 2013 09:05am EST 

HCI Group Inc:Says the pricing of an offering of $100 million aggregate principal amount of 3.875 percent convertible senior notes due 2019.Says HCI also granted the initial purchasers of the notes an option to purchase up to an additional $15 million aggregate principal amount of the notes.Says the notes will be senior unsecured obligations of HCI and will pay interest semiannually at a rate of 3.875 percent.Says the notes will mature on Mar. 15, 2019, unless converted in accordance with their terms prior to such date. Prior to Jan. 1, 2019.Says HCI intends to use up to $30 million of the net proceeds from the offering of the notes to repurchase shares of its common stock pursuant to a prepaid forward contract.Says HCI intends to use the remaining net proceeds from the offering for general corporate purposes including, but not limited to, working capital. 

Company Quote

24 Apr 2014