CAPITAL MARKETS

Hecla offers US$475M in 2028 senior notes

USA-based miner to redeem all senior notes due in 2021

Staff Reporter
Hecla Mining is raising US$475 million via senior notes due in 2028

Hecla Mining is raising US$475 million via senior notes due in 2028

The Coeur D'Alene, Idaho-based company said it would use proceeds from the offering, together with cash on hand, to redeem its 6.875% senior notes due in 2021.

JP Morgan is acting as the book-running manager for the offering.

Hecla had recently reported its highest ever silver, lead and zinc reserves, with respective increases of 11%, 5% and 8%, including adding 22% more at Greens Creek.

Shares in Hecla Mining (NYSE:HL) closed down Monday nearly 8% at US$3.16, valuing the company at $1.65 billion.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.