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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events
22. Subsequent Events

Construction

On May 4, 2020, HC2 announced that its Construction segment will pay a cash dividend of $15.0 million, or $3.89 per share. As the largest stockholder of DBM Global Inc., HC2 expects to receive approximately $13.9 million of the total dividend payout.

Life Sciences

On April 16, 2020, R2 received $10.0 million in funding from Huadong Medicine Company Limited as part of Huadong's $30.0 million Series B equity investment in R2. These funds will be used to commercialize R2's revolutionary CryoAesthetic technology which promises physicians a new way to lighten, brighten and rejuvenate skin. This investment represents the second tranche of Huadong's investment at an approximate post-money valuation of $90.0 million and reduces Pansend's ownership by 7.8% to 56.1%.

Corporate

On April 16, 2020, HC2 drew $10.0 million on its 2020 Revolving Credit Agreement. HC2 intends to use the proceeds for general corporate purposes.