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HCI Group completes senior notes redemption

HCI Group Inc. completed the redemption of all its 8% senior notes due Jan. 30, 2020, for a total of $40.8 million, including $554,555 of interest.

The senior notes are now retired and no longer trade on the New York Stock Exchange, according to a news release.

The company funded the redemption using a portion of the proceeds from its $143.8 million private placement offering of 4.25% convertible senior notes.