secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001104659-23-045922
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindblad launches $275M senior secured notes offering, provides preliminary Q1 results
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- Total tour revenues expected $141-144M for Q1 2023 vs $67.8M in Q1 2022.
- Adjusted EBITDA expected $26-28M vs an adjusted EBITDA loss of $21.2M in Q1 2022.
- Lindblad segment occupancy 81% vs 66% YoY; Net Yield per Available Guest Night $1,200-1,220 vs $739.
- Full year 2023 bookings as of April 10, 2023 are 46% ahead of the comparable pre-COVID period in April 2019.
- Offering $275M senior secured notes due 2028 to prepay export credit facilities on two vessels (National Geographic Endurance and Resolution).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000110465923045922/0001104659-23-045922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000110465923045922/tm2312910d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-045922

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer