Hecla Closes on K-T Clay Sale, Pays Off Bank Debt
April 2, 2001
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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.
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.
