HCI strengthens equity base with conversion of debt
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HCI strengthens equity base with conversion of debt

Farhin Lilywala
March 07, 2022
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Ahead of tomorrow’s earnings report, HCI Group announced that it has de-levered its balance sheet by converting a balance of its outstanding 4.25% convertible notes to stock.

The company now has $24mn of converts remaining in its capital structure, down from $139mn a year ago.

Following the pay down, HCI CEO Paresh Patel expressed confidence that the company will be able to fund its growth in 2022...

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Farhin Lilywala
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