Hecla Mining Company has entered into a new Credit Agreement for a $500 million senior secured revolving credit facility, which replaces and terminates its previous agreement dated July 21, 2022. The proceeds will be used for working capital, capital expenditures, and general corporate purposes, including refinancing existing debt.
Key Details
- Facility Size: The agreement provides for a $500 million senior secured revolving credit facility, with an option to increase commitments by an additional $100 million.
- Maturity & Agent: The facility matures on September 16, 2030. Bank of America, N.A. serves as the administrative agent.
- Agreement Date: The new Credit Agreement was executed on September 16, 2026, and concurrently terminated the company's existing credit agreement from 2022.