The convertible notes are due 2042

Davis Polk advised the representatives of the purchasers in connection with a Rule 144A offering by HCI Group, Inc. of $150 million aggregate principal amount of its 4.75% convertible senior notes due 2042.

HCI Group, Inc., based in Florida, through its subsidiaries, is engaged in property and casualty insurance, reinsurance, real estate and information technology. The company’s common stock is listed on the New York Stock Exchange under the symbol “HCI.”

The Davis Polk capital markets team included partner Byron B. Rooney and associate Steven Glendon. The equity derivatives team included partners Mark J. DiFiore and Derek Walters, counsel Justin Michael and associate Jonathan Schlecht. The tax team included partner Lucy W. Farr and associates William Liang and Bradford Sherman. All members of the Davis Polk team are based in the New York office.