Item 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement.
FedNat Holding Company (the "Company") has provided notice to The Bank of New
York Mellon, as trustee (the "Trustee") for the Company's Senior Unsecured Notes
due 2029 in the aggregate principal amount of $100,000,000 (the "Senior Notes")
and Convertible Senior Unsecured Notes due 2026 in the aggregate principal
amount of $21,000,000 (the "Convertible Notes") that it has not made the
September 15, 2022 interest payment due on the Senior Notes. Under the terms of
the indentures, such failure to pay the interest due becomes an "Event of
Default" if not cured within 10 business days. The Company is in the process of
engaging with the noteholders and anticipates announcing a call with noteholders
to occur prior to such date.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Cover Page Interactive File (the cover page tags are embedded within the Inline
104 XBRL document).
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