On February 19, 2020, Hecla Mining Company closed on its offering of US$475 million principal amount of 7.250% Senior Notes due February 15, 2028. The offering was made in the United States by way of prospectus supplement and in Canada by way of private placement. Proceeds from the issuance of the notes, along with cash on hand, will be used to redeem all of Hecla Mining Company’s outstanding 6.875% Senior Notes due 2021.
The offering was completed by a syndicate of agents comprised of J.P. Morgan Securities LLC (book-running manager), CIBC World Markets Corp., ING Financial Markets LLC, Scotia Capital (USA) Inc., B. Riley FBR, Inc., BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC.
Cassels acted for Hecla Mining Company in Canada with a deal team that included Gordon Chambers and Sam Chapman (Securities and Mining), and Jenna Clark (Financial Services).