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Lindblad prices upsized $360m private notes offering at 6.75%

Lindblad Expeditions priced its private offering of $360m senior secured notes due 2027 at 6.75%.

The offering was upsized from $340m

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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