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HCI Group Inc completes sale of $103 mln of convertible senior notes due 2019

Friday, 3 Jan 2014 08:00am EST 

HCI Group Inc:Says completion of the sale of $103 mln aggregate principal amount of 3.875% convertible senior notes due 2019 in a private placement to qualified, institutional buyers.Says the net proceeds from the sale of the notes are expected to be about $99.4 mln after deducting the initial purchasers' discounts and estimated offering expenses.Says the notes pay interest semiannually at a rate of 3.875 pct.Says the notes mature on Mar. 15, 2019, unless converted or repurchased in accordance with their terms prior to such date.Says. 

Company Quote

24 Apr 2014