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Hecla Mining starts roadshow for $475 million eight-year notes
By Paul A. Harris
Portland, Ore., Feb. 10 – Hecla Mining Co. began a roadshow on Monday for a $475 million public offering of eight-year senior notes (existing ratings Caa1/B-), according to market sources.
The deal is set to price on Friday.
J.P. Morgan Securities LLC is the bookrunner.
The notes come with three years of call protection.
The Coeur d’Alene, Idaho-based silver producer plans to use the proceeds, together with cash on hand, to redeem all of its outstanding 6 7/8% senior notes due 2021.
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