HCHC News and Press, HC2 Holdings Inc. From 02/01/21

There's been a changing of the guard at HC2 Holdings. This mini-conglomerate contains several interesting undervalued assets. Near-term debt maturities are taken care of. The corporate structure is being simplified which could help with a re-rate. For further details see...

HC2 Holdings (HCHC) has priced an upsized offering of senior debt. The company priced $330M in 8.5% senior secured notes due 2026, issued at 100% of face. That offering was increased from a planned $300M sale. Proceeds will go (along with proceeds from selling Beyond6) toward redeeming HC2's ...

NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today the pricing of an offering of 8.500% senior secured notes due 2026 (the “Notes”) at an issue price o...

HC2 Holdings (HCHC) -3% premarket on offering $300M of senior secured notes due 2026 in a private offering. Concurrently, the company intends to enter into exchange agreements with certain holders of outstanding 7.5% convertible senior notes due June 1, 2022 to exchange ~$37M of not...

NEW YORK, Jan. 25, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today its intention to offer $300 million aggregate principal amount of senior secured notes due 2026 (the “Notes...

HC2 (HCHC) is seeking to refinance all of its existing 11.500% senior secured notes due 2021 and a portion of existing 7.5% convertible senior notes due 2022. As part of the proposed refinancing transactions, company intends to, among other things, issue new senior secured notes and exte...

NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today that it is seeking to refinance all of its existing 11.500% senior secured notes due 2021 and a portion of existin...

HC2 Holdings (HCHC) is up 3.6% following a filing discussing its intentions for the proceeds of a sale of clean-energy subsidiary Beyond6. HC2 gave notice to U.S. Bank of its intent to use net cash proceeds from its sale to redeem $67.7M of its 11.5% senior secured notes due 2021, at 100% of ...

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) announced today that it has completed the previously announced sale of its majority-owned clean energy subsidiary Beyond6, Inc. (“Beyond6”) to Mercu...

NEW YORK, Jan. 13, 2021 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or “the Company”) (NYSE: HCHC) today announced that its infrastructure subsidiary DBM Global (“DBM”), which includes Schuff Steel, the largest steel fabrication company in the Uni...