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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