Hecla Mining’s $475 Million Notes Offering


Sheppard, Mullin, Richter & Hampton and K&L Gates acted as counsel to Hecla Mining Company. Simpson Thacher represented the underwriters in connection with the offering.

Hecla Mining Company executed an offering of $475 million aggregate principal amount of its 7.25% Senior Notes due 2028.

Hecla Mining intends to use the net proceeds, together with cash on hand, to redeem all of its outstanding 6.875% Senior Notes due 2021.

J.P. Morgan Securities LLC, CIBC World Markets Corp., ING Financial Markets LLC, Scotia Capital (USA) Inc., B. Riley FBR, Inc., BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC acted as underwriters for the offering.

Hecla Mining is a leading low-cost U.S. silver producer with operating mines in Alaska, Idaho and Mexico, and is a growing gold producer with operating mines in Nevada and Quebec, Canada.

The Simpson Thacher team for the transaction included Ryan Bekkerus (Picture), Tony Rim and Xochitl Romo (Capital Markets); Jon Cantor and Nicole Humphrey (Tax); Jenny Neilsson (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); Lori Lesser (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).

Involved fees earner: Ryan Bekkerus – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Jennifer Neilsson – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Xochitl Romo – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: B. Riley FBR; BMO Capital Markets; CIBC World Markets Corp.; Credit Suisse Securities (USA) LLC; H.C. Wainwright & Co.; ING Financial Markets LLC; J.P. Morgan Securities LLC; Roth Capital Partners, LLC; Scotia Capital Inc.;