secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001104659-23-055049
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindblad Expeditions issues $275M of 9% Senior Secured Notes due 2028, repays export credit facilities
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- $275M aggregate principal of 9.000% Senior Secured Notes due 2028 issued on May 2, 2023.
- Notes mature May 15, 2028; interest payable semiannually starting Nov 15, 2023.
- Net proceeds used to prepay in full outstanding borrowings under existing Export Credit Facilities.
- Notes are guaranteed on a senior secured basis by subsidiaries owning vessels National Geographic Endurance and Resolution.
- Redemption options: make-whole prior to May 15, 2025; on/after at specified prices; up to 40% at 109% with equity offering proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000110465923055049/0001104659-23-055049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000110465923055049/tm2314363d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055049

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