Sponsored By
Lindblad Expeditions plans $340m private notes offering
Lindblad Expeditions plans a private offering of $340m in senior secured notes due 2027.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
January 20, 2022
1 Min Read
Credit: Seatrade Cruise News
The notes will be guaranteed by Lindblad and certain other Lindblad Expeditions Holdings subsidiaries and secured by first-priority liens on substantially all the assets of the issuer and the note guarantors.
Use of proceeds
Lindblad intends to use the proceeds to prepay in full all outstanding borrowings under its existing term loan, including its $85m Main Street Loan, and revolving credit facility, to pay any related premiums and to terminate in full its existing credit agreement and related commitments.
Read more about:
lindblad expeditionsAbout the Author
The latest cruise news, analysis and more straight to your inbox
Get the free newsletter read by industry experts
You May Also Like