HCI Group Repays 3.875% Convertible Senior Notes
HCI Group, Inc. (HCI)
Last hci group, inc. earnings: 3/5 04:15 pm
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US:NYSE Investor Relations:
hcigroup.com
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Source: GlobeNewswire
TAMPA, Fla., March 25, 2019 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has announced that it has repaid in cash at maturity all of its 3.875% Convertible Senior Notes, totaling $89.99 million, which became due and payable on March 15, 2019. As a result of settling the debt in cash, the company’s fully diluted share count will decrease by approximately 1,476,500, and—starting in the second quarter—fully-diluted earnings per share is expected to increase 8 to 12 cents per quarter (or 32 to 48 cents annually) over what it otherwise would be, as previously stated in a press release issued on November 7, 2018. “The combination of settling this in cash and securing a low-cost revolving credit facility has allowed us to reduce debt levels, lower interest expense and increase earnings while still giving us the ability to capitalize on any pote
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HCI
Earnings
- 3/7/24 - Beat
HCI
Sec Filings
- 4/25/24 - Form SC
- 4/23/24 - Form 8-K
- 4/22/24 - Form 4
- HCI's page on the SEC website