Hecla enters new $500M secured revolving credit facility; replaces 2022 credit agreement

HECLA MINING CO/DE/

$500M senior secured revolver, option to increase by up to $100M; matures Sept 16, 2030, extendable one year.
Replaces July 21, 2022 credit agreement; all outstanding obligations repaid, satisfied or replaced on September 16, 2026.
New facility drops mortgage on Greens Creek mine; secured only by pledges of equity interests in Greens Creek subsidiaries.
Proceeds for working capital, capex and general corporate purposes; permits up to $500M senior unsecured notes during term.
Restrictions on paying dividends or making distributions under the new facility.

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