Lindblad Expeditions Holdings, Inc. Announces Upsize and Pricing of Private Offering of Senior Secured Notes

Core Viewpoint - Lindblad Expeditions Holdings, Inc. has announced the pricing of $675 million in senior secured notes, reflecting an increase of $25 million from the initial offering amount, aimed at refinancing existing debt and supporting corporate purposes [1][2]. Group 1: Offering Details - The new notes are priced at par with a 7.000% interest rate and are due in 2030 [1]. - The offering is expected to close around August 20, 2025, pending customary closing conditions [1]. - The notes will be senior obligations and secured by a first-priority lien on substantially all assets of the issuer and its guarantors [1]. Group 2: Use of Proceeds - Proceeds from the offering will be used to fund a tender offer for all outstanding 6.750% Senior Secured Notes due 2027 and to redeem all 9.000% Senior Secured Notes due 2028 [2]. - Any remaining proceeds will be allocated for general corporate purposes [2]. Group 3: Company Overview - Lindblad is a leader in global expedition travel, offering immersive journeys across all seven continents through various brands [5]. - The company collaborates with National Geographic to provide unique ship-based voyages that allow exploration of remote destinations [5]. - Lindblad's portfolio includes both ship-based and land-based expedition brands, focusing on wildlife, culture, and adventure experiences [5].