LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND): debt financing — Lindblad issues $675M 7% senior secured notes due 2030 to refinance existing debt

LINDBLAD EXPEDITIONS HOLDINGS, INC.

Issued $675M 7.000% notes due 2030; net proceeds used to repurchase 2027 notes and redeem 2028 notes.
Amended revolving credit facility: commitments increased to $60M, maturity extended to August 2030.
Tender offer for 2027 notes: ~73.1% tendered early; total consideration $1,009.98 per $1,000 principal.
Issuer received covenant consent but not collateral release; will redeem remaining 2027 notes on Feb 17, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LINDBLAD EXPEDITIONS HOLDINGS, INC. incurred senior notes of $675.0 million with Wilmington Trust, National Association at 7.000% maturing September 15, 2030.

Instrument: senior notes
Principal: $675.0 million
Counterparty: Wilmington Trust, National Association
Rate: 7.000%
Maturity: September 15, 2030
Event: incurrence

Exact text from the filing

the Issuer’s $675.0 million aggregate principal amount of 7.000% Senior Secured Notes due 2030

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LINDBLAD EXPEDITIONS HOLDINGS, INC. amended revolving credit of $60,000,000 with JPMorgan Chase Bank, N.A..

Instrument: revolving credit
Principal: $60,000,000
Counterparty: JPMorgan Chase Bank, N.A.
Event: amendment

Exact text from the filing

The Amendment provides for, among other things, (i) an increase to available commitments under the Amended Credit Agreement to $60,000,000 and (ii) an extension of the maturity date of the Revolving Credit Agreement to A

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LINDBLAD EXPEDITIONS HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-081021

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