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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.

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lindblad expeditions

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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