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United Insurance Holdings to offer senior notes due 2027

United Insurance Holdings Corp. said that it plans to launch an underwritten public offering of senior notes due 2027, subject to market and other conditions.

The offering's terms and principal amount will be determined at its pricing.

Net proceeds would be used to redeem $30 million of the company's floating rate senior notes due 2026 and for general corporate purposes.

Raymond James & Associates Inc. and Wells Fargo Securities LLC will act as joint book-running managers.