---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-074020"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:37:37.529324+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lindblad offers $650M senior secured notes due 2030, launches tender for 2027 notes, to redeem 2028 notes

## Summary
- Issuer proposes $650M aggregate principal of new senior secured notes due 2030, guaranteed and secured by first-priority lien.
- Proceeds, with cash on hand, will fund tender for all $360M outstanding 6.750% 2027 notes and call of all 9.000% 2028 notes.
- Tender offer for 2027 notes: early tender payment of $30 per $1,000, early deadline Aug 18, UST+50 bps total consideration.
- Concurrent consent solicitation seeks to eliminate restrictive covenants and release collateral, subject to 50% and 75% thresholds.
- Revolving credit facility to be upsized from $45M to $60M and maturity extended to five years from closing.

## SEC filing metadata
- accession: 0001104659-25-074020
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000110465925074020/0001104659-25-074020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000110465925074020/tm2522553d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-074020
- JSON: https://secwatch.observer/filing/0001104659-25-074020.json
- Plain text: https://secwatch.observer/filing/0001104659-25-074020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.