Hecla Mining Co. (HL) Tuesday priced an offering of $500 million of its 6.875 percent senior notes due 2021. The new offering represents an increase of $100 million from the amount originally proposed.
The coupon on the notes will be 6.875 percent per year payable in cash semi-annually in arrears, and will on May 1, 2021.
The proceeds from the offering will be deposited into an escrow account until the satisfaction of certain conditions, including the consummation of the previously announced pending acquisition of Aurizon Mines Ltd.
The transaction is expected to close on or about April 12, 2013, subject to the satisfaction of various customary closing conditions.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.