Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Lindblad Expeditions plans $340m private notes offering

CRUISE_Lindblad_logo.jpg
Lindblad Expeditions plans a private offering of $340m in senior secured notes due 2027.

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.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish