Ceramic Industry

Hecla Closes on K-T Clay Sale, Pays Off Bank Debt

April 2, 2001
Hecla Mining Co. has closed the sale and transferred its wholly owned subsidiaries, Kentucky-Tennessee Clay Co. and K-T Feldspar, to the Imerys Group in a cash transaction of $62.5 million, subject to post-closing adjustments.

Hecla Mining Co. recently announced it has closed the sale and transferred its wholly owned subsidiaries, Kentucky-Tennessee Clay Co. and K-T Feldspar, to the Imerys Group in a cash transaction of $62.5 million, subject to post-closing adjustments. In addition, Hecla announced it has paid off its $55 million term loan facility with Standard Bank of London, ahead of the scheduled due date of April 10, 2001.

For additional information, visit http://www.hecla-mining.com.