Lindblad Raising $340 Million

Lindblad Expeditions today announced that it intends to offer $340,000,000 aggregate principal amount of senior secured notes due 2027, subject to market and customary conditions.

According to a press release, the notes will be senior secured obligations of the Issuer and will be guaranteed by Lindblad and certain of Lindblad’s subsidiaries and will be secured, subject to permitted liens and certain other exceptions, by first-priority liens on substantially all the assets of the Issuer and the Note Guarantors.

Lindblad intends to use the net proceeds from the proposed offering to prepay in full all outstanding borrowings under its existing term loan, including the Main Street Loan, and revolving credit facility, to pay any related premiums and to terminate in full its existing credit agreement and the commitments thereunder, the company said.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

ABInBev
EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

51 Ships | 109,838 Berths | $35 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today