Hecla Mining intends to start roadshow Wednesday for $400 million eight-year senior notes

By Paul A. Harris

Portland, Ore., April 2 - Hecla Mining Co. plans to start a roadshow on Wednesday for its $400 million offering of eight-year senior notes, according to a syndicate source.

An investor call is scheduled for 12:15 p.m. ET on Wednesday.

The deal is set to price early in the week ahead.

BofA Merrill Lynch and Scotia Capital are the joint bookrunners. ING is the co-manager.

The Rule 144A with registration rights notes come with three years of call protection and feature a 101% poison put.

The credit ratings agencies are expected to assign mid-single B ratings to the notes.

Upon release from escrow, the proceeds will be used to pay the cash portion of the Aurizon Mines Ltd. acquisition and for general corporate purposes.

The prospective issuer is a Coeur d'Alene, Idaho-based producer of silver and other precious metals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.