Hecla Mining amends loan, pushing out maturity, reducing pricing

By Sara Rosenberg

New York, March 18 - Hecla Mining Co. amended its credit facility, extending the maturity to March 12, 2013 from Oct. 4, 2012 and lowering pricing to Libor plus 400 basis points from Libor plus 600 bps, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment reduced the commitment fee to 1.4% of the unused commitment amount from 2.4%.

The amendment was completed on March 12.

The Bank of Nova Scotia is the administrative agent on the deal.

Hecla is a Coeur d'Alene, Idaho-based miner, processor and explorer of silver and gold.

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