Convertibles Calendar: HCI on tap

May 19 (pre-open)

HCI GROUP INC.:

• $150 million convertible notes due 2042

• Greenshoe of $22.5 million

• Coupon of 4.25% to 4.75% and initial conversion premium of 25% to 30%

• Non-callable until June 5, 2025 then subject to a 130% hurdle

• Putable at par on June 1, 2027, June 1, 2032 and June 1, 2037

• Rule 144A

• Truist Securities Inc. and JMP Securities LLC

• Tampa, Fla.-based holding company focused on insurance, real estate and information technology

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