Hecla Mining amends and restates $100 million three-year revolver

By Toni Weeks

San Luis Obispo, Calif., Feb. 18 - Hecla Mining Co. amended and restated its credit agreement with Bank of Nova Scotia and ING Capital LLC as co-lead arrangers and co-bookrunners on Feb. 14, replacing its prior credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings under the $100 million senior secured revolving facility bear interest at Libor plus 225 basis points to 325 bps. There is a 50 bps standby fee on undrawn amounts.

The three-year revolving credit facility, which was undrawn at closing, may be used for general corporate purposes.

Scotiabank is the administrative agent.

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

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