HECLA MINING CO/DE/ — Form 8-K
Filed September 18, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Hecla Mining entered into a new $500M revolving credit facility dated September 16, 2026, replacing its July 2022 credit agreement. Bank of America serves as administrative agent. The facility includes a $70M letter of credit sublimit and $25M swingline sublimit, maturing September 16, 2030 (extendable). Initial pricing is at Level 1 (1.625% SOFR + 0.625% letter of credit fee), with pricing adjusting based on Consolidated Net Leverage Ratio (ranging from 0.50:1 to >3.00:1). Key borrowers include Hecla Mining, Hecla Limited, Hecla Alaska, Hecla Greens Creek, and Hecla Juneau.
Why this rating
Routine refinancing maintaining existing $500M facility size. No material changes in terms, amount, or capacity. Standard banking transaction for a $3.9B company.
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