Hecla Mining amends, increasing revolver size by $40 million

By Sara Rosenberg

New York, Oct. 11 - Hecla Mining Co. amended its three-year secured revolving credit facility, upsizing the tranche to $100 million from $60 million, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Pricing on the revolver remains at Libor plus 275 basis points to 350 bps based on leverage, and financial covenants were unchanged as well.

The amendment was completed on Oct. 10.

Scotia Capital and ING Capital LLC are the lenders under the revolver, with Scotia the administrative agent.

Hecla is a Coeur d'Alene, Idaho-based silver producer.

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