Lindblad Expeditions Holdings Inc. has announced a proposed private offering of $650 million in senior secured notes due 2030. The issuance will be conducted by its wholly-owned subsidiary, Lindblad Expeditions, LLC, with the notes being senior obligations and guaranteed by Lindblad and certain subsidiaries. The proceeds from this offering are intended to support a tender offer for the company's outstanding 6.750% Senior Secured Notes due 2027 and the redemption of its 9.000% Senior Secured Notes due 2028. The offering is aimed at qualified institutional buyers and international investors, in compliance with relevant regulations.
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