secwatch.observer — SEC 8-K summary
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Issuer:     HECLA MINING CO/DE/ (HL)
CIK:        0000719413
Form:       8-K
Filed at:   2026-09-18T20:01:19+00:00
Accession:  0001437749-26-030743
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/719413/000143774926030743/0001437749-26-030743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/719413/000143774926030743/hl20260917_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-030743

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