Lindblad Expeditions Holdings Inc. has announced the pricing of a $675 million private offering of 7.000% senior secured notes due in 2030, an increase of $25 million from the initially planned amount. The proceeds from this offering are intended to fund a tender offer for all outstanding 6.750% Senior Secured Notes due 2027 and to redeem all 9.000% Senior Secured Notes due 2028. Any remaining funds will be allocated for general corporate purposes. The new notes, guaranteed by Lindblad and certain subsidiaries, will be secured by a first-priority lien on most of the assets of the Issuer and guarantors.
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