Hecla Mining Co. (HL) announced that it has priced an offering of US$500 million of 6.875% Senior Notes due 2021.
The company stated that the size of the offering represents an increase of US$100 million from the amount originally proposed. The coupon on the Notes will be 6.875% per year payable in cash semi-annually in arrears. The Notes will mature on May 1, 2021 and the transaction is expected to close on or about April 12, 2013.
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