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United Insurance prices note offering

United Insurance Holdings Corp. has priced the offering of its 6.250% senior notes due 2027, which will be issued in an aggregate principal amount of $150 million.

The offering is expected to close Dec. 13. The company plans to use the net proceeds to redeem $30 million of its 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.