---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-081021"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:48:22.634380+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lindblad issues $675M 7% senior secured notes due 2030 to refinance existing debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-081021
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000110465925081021/0001104659-25-081021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000110465925081021/tm2523966d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-081021
- JSON: https://secwatch.observer/filing/0001104659-25-081021.json
- Plain text: https://secwatch.observer/filing/0001104659-25-081021.txt

## Key facts
- Debt Financings
  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
  source text: the Issuer’s $675.0 million aggregate principal amount of 7.000% Senior Secured Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000110465925081021/0001104659-25-081021-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512499/000110465925081021/0001104659-25-081021-index.htm

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