[8-K] Hecla Mining Company Reports Material Event
Hecla Mining Company funded the previously announced redemption of $212,000,000 of its outstanding $475,000,000 7.25% Senior Notes due 2028 on August 18, 2025. The company paid a total of $216,014,337.38, which included a $3,843,560 call premium and $170,777.78 of accrued interest. The filing states this action was pursuant to a notice from the trustee and clarifies that the filing itself does not constitute a notice of redemption. The entry is a material financing event reflecting a cash-funded partial retirement of senior notes.
Hecla Mining Company ha finanziato il precedente rimborso di $212.000.000 dei suoi $475.000.000 7,25% Senior Notes in scadenza 2028, effettuato il 18 agosto 2025. La societ脿 ha pagato in totale $216.014.337,38, comprensivi di un premio di chiamata di $3.843.560 e di interessi maturati per $170.777,78. Il deposito indica che l鈥檕perazione 猫 avvenuta in base a una comunicazione del trustee e precisa che lo stesso deposito non costituisce notifica di rimborso. L鈥檃nnotazione rappresenta un evento finanziario rilevante che riflette il rimborso parziale in contanti delle senior notes.
Hecla Mining Company financi贸 el reembolso anunciado anteriormente de $212,000,000 de sus $475,000,000 Senior Notes al 7.25% con vencimiento en 2028, efectuado el 18 de agosto de 2025. La compa帽铆a pag贸 en total $216,014,337.38, que incluyeron una prima de cancelaci贸n de $3,843,560 y $170,777.78 de intereses devengados. La presentaci贸n indica que la acci贸n se realiz贸 conforme a un aviso del fiduciario y aclara que la propia presentaci贸n no constituye una notificaci贸n de reembolso. La anotaci贸n es un evento financiero material que refleja el retiro parcial en efectivo de las senior notes.
Hecla Mining Company電� 2025雲� 8鞗� 18鞚检棎 瓿奠頄堧崢 2028雲� 毵岅赴 7.25% 靹犾垳鞙� 毂勱秾(Senior Notes) 欷� $212,000,000鞚� 靸來櫂鞚� 鞛愱笀 臁半嫭頄堨姷雼堧嫟. 須岇偓電� 齑� $216,014,337.38毳� 歆�旮夗枅鞙茧┌ 鞚挫棎電� $3,843,560鞚� 旖� 頂勲Μ氙胳梽瓿� $170,777.78鞚� 氙胳旮� 鞚挫瀽臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊電� 鞚� 臁办箻臧� 靾橅儊鞛�(trustee)鞚� 韱奠鞐� 霐半ジ 瓴冹瀯鞚� 氇呾嫓頃橂┌, 鞝滌稖 鞛愳泊臧� 靸來櫂 韱奠鞐� 頃措嫻頃橃 鞎婋姅雼�瓿� 攵勲獏頌� 氚濏様鞀惦媹雼�. 鞚� 頃鞚� 靹犾垳鞙� 毂勱秾鞚� 順勱笀 旮半皹 攵�攵� 靸來櫂鞚� 氚橃榿頃橂姅 欷戨寑頃� 鞛愱笀 臁半嫭 鞚措菠韸胳瀰雼堧嫟.
Hecla Mining Company a financ茅 le remboursement pr茅c茅demment annonc茅 de 212 000 000 $ de ses 475 000 000 $ 7,25 % Senior Notes 茅ch茅ant en 2028, r茅alis茅 le 18 ao没t 2025. La soci茅t茅 a pay茅 au total 216 014 337,38 $, incluant une prime de remboursement de 3 843 560 $ et des int茅r锚ts courus de 170 777,78 $. le d茅p么t indique que cette action a 茅t茅 effectu茅e conform茅ment 脿 un avis du fiduciaire et pr茅cise que le d茅p么t lui-m锚me ne constitue pas un avis de remboursement. L鈥檈nregistrement constitue un 茅v茅nement de financement significatif refl茅tant un retrait partiel des obligations senior financ茅 en esp猫ces.
Die Hecla Mining Company finanzierte die zuvor angek眉ndigte R眉ckzahlung von $212.000.000 ihrer ausstehenden $475.000.000 7,25% Senior Notes f盲llig 2028 am 18. August 2025. Das Unternehmen zahlte insgesamt $216.014.337,38, einschlie脽lich einer K眉ndigungspr盲mie von $3.843.560 und aufgelaufener Zinsen in H枚he von $170.777,78. Die Einreichung weist darauf hin, dass die Ma脽nahme aufgrund einer Mitteilung des Treuh盲nders erfolgte, und stellt klar, dass die Einreichung selbst keine R眉ckzahlungsmitteilung darstellt. Der Eintrag stellt ein wesentliches Finanzierungsereignis dar, das eine barfinanzierte teilweise Tilgung der Senior Notes widerspiegelt.
- Partial principal reduction: Hecla retired $212,000,000 of its 7.25% Senior Notes due 2028, lowering outstanding debt on that tranche.
- Transparent cash detail: Filing discloses exact cash outlay of $216,014,337.38, including premium and accrued interest.
- Material cash outflow: Total payment of $216,014,337.38 reduces available cash resources (source of funds not specified).
- Limited disclosure: Filing does not provide pro forma liquidity, covenant impact, or details on any refinancing for the remaining notes.
Insights
TL;DR: Hecla used cash to retire $212M of high-coupon debt, paying a premium and accrued interest, modestly altering its 2028 debt profile.
The funded redemption reduces the outstanding principal of the 7.25% Senior Notes due 2028 from $475 million to $263 million, based on the stated amounts. Paying a call premium of $3.84 million and accrued interest of $0.17 million produced a total cash outlay of $216.01 million as disclosed. For investors, this is a balance-sheet action that lowers gross indebtedness tied to that specific issue and removes a portion of a relatively high-coupon liability. The filing contains no information on source of funds beyond the statement that the Company "funded" the redemption, nor any detail on refinancing or covenant impacts.
TL;DR: Partial redemption materially reduces exposure to 7.25% paper but creates an immediate cash outflow and removes a portion of near-term debt.
The transaction is a material cash deployment: $216.01 million total paid to satisfy principal, premium, and accrued interest. Eliminating $212 million of the specific note reduces future fixed interest obligations tied to that tranche, which may lower interest expense risk tied to the 7.25% coupon, but the filing provides no post-redemption leverage metrics, liquidity pro forma, or effects on covenants. Absence of a redemption notice in this filing leaves some procedural clarity unresolved in the disclosure.
Hecla Mining Company ha finanziato il precedente rimborso di $212.000.000 dei suoi $475.000.000 7,25% Senior Notes in scadenza 2028, effettuato il 18 agosto 2025. La societ脿 ha pagato in totale $216.014.337,38, comprensivi di un premio di chiamata di $3.843.560 e di interessi maturati per $170.777,78. Il deposito indica che l鈥檕perazione 猫 avvenuta in base a una comunicazione del trustee e precisa che lo stesso deposito non costituisce notifica di rimborso. L鈥檃nnotazione rappresenta un evento finanziario rilevante che riflette il rimborso parziale in contanti delle senior notes.
Hecla Mining Company financi贸 el reembolso anunciado anteriormente de $212,000,000 de sus $475,000,000 Senior Notes al 7.25% con vencimiento en 2028, efectuado el 18 de agosto de 2025. La compa帽铆a pag贸 en total $216,014,337.38, que incluyeron una prima de cancelaci贸n de $3,843,560 y $170,777.78 de intereses devengados. La presentaci贸n indica que la acci贸n se realiz贸 conforme a un aviso del fiduciario y aclara que la propia presentaci贸n no constituye una notificaci贸n de reembolso. La anotaci贸n es un evento financiero material que refleja el retiro parcial en efectivo de las senior notes.
Hecla Mining Company電� 2025雲� 8鞗� 18鞚检棎 瓿奠頄堧崢 2028雲� 毵岅赴 7.25% 靹犾垳鞙� 毂勱秾(Senior Notes) 欷� $212,000,000鞚� 靸來櫂鞚� 鞛愱笀 臁半嫭頄堨姷雼堧嫟. 須岇偓電� 齑� $216,014,337.38毳� 歆�旮夗枅鞙茧┌ 鞚挫棎電� $3,843,560鞚� 旖� 頂勲Μ氙胳梽瓿� $170,777.78鞚� 氙胳旮� 鞚挫瀽臧� 韽暔霅橃柎 鞛堨姷雼堧嫟. 鞝滌稖靹滊電� 鞚� 臁办箻臧� 靾橅儊鞛�(trustee)鞚� 韱奠鞐� 霐半ジ 瓴冹瀯鞚� 氇呾嫓頃橂┌, 鞝滌稖 鞛愳泊臧� 靸來櫂 韱奠鞐� 頃措嫻頃橃 鞎婋姅雼�瓿� 攵勲獏頌� 氚濏様鞀惦媹雼�. 鞚� 頃鞚� 靹犾垳鞙� 毂勱秾鞚� 順勱笀 旮半皹 攵�攵� 靸來櫂鞚� 氚橃榿頃橂姅 欷戨寑頃� 鞛愱笀 臁半嫭 鞚措菠韸胳瀰雼堧嫟.
Hecla Mining Company a financ茅 le remboursement pr茅c茅demment annonc茅 de 212 000 000 $ de ses 475 000 000 $ 7,25 % Senior Notes 茅ch茅ant en 2028, r茅alis茅 le 18 ao没t 2025. La soci茅t茅 a pay茅 au total 216 014 337,38 $, incluant une prime de remboursement de 3 843 560 $ et des int茅r锚ts courus de 170 777,78 $. le d茅p么t indique que cette action a 茅t茅 effectu茅e conform茅ment 脿 un avis du fiduciaire et pr茅cise que le d茅p么t lui-m锚me ne constitue pas un avis de remboursement. L鈥檈nregistrement constitue un 茅v茅nement de financement significatif refl茅tant un retrait partiel des obligations senior financ茅 en esp猫ces.
Die Hecla Mining Company finanzierte die zuvor angek眉ndigte R眉ckzahlung von $212.000.000 ihrer ausstehenden $475.000.000 7,25% Senior Notes f盲llig 2028 am 18. August 2025. Das Unternehmen zahlte insgesamt $216.014.337,38, einschlie脽lich einer K眉ndigungspr盲mie von $3.843.560 und aufgelaufener Zinsen in H枚he von $170.777,78. Die Einreichung weist darauf hin, dass die Ma脽nahme aufgrund einer Mitteilung des Treuh盲nders erfolgte, und stellt klar, dass die Einreichung selbst keine R眉ckzahlungsmitteilung darstellt. Der Eintrag stellt ein wesentliches Finanzierungsereignis dar, das eine barfinanzierte teilweise Tilgung der Senior Notes widerspiegelt.
FAQ
What did Hecla Mining (HL) announce in this 8-K?
How much was paid as a call premium and accrued interest?
What was the original principal amount of the notes before the redemption?
Does this 8-K serve as the formal notice of redemption?
When was the redemption funded?
