LIND Debt offering

Lindblad Expeditions Holdings, Inc. Announces Upsize and Pricing of Private Offering of Senior Secured Notes

Published August 06, 2025 at 11:11 PM

NEW YORK, Aug. 6, 2025 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) ("Lindblad") today announced that its wholly-owned subsidiary, Lindblad Expeditions, LLC (the "Issuer"), has priced $675 million aggregate principal amount of 7.000% senior secured notes due 2030...

Related Questions

Are there any redemption or early‑repayment features (e.g., optional calls) that could affect the long‑term cost of capital? What are the key covenants (e.g., debt‑to‑EBITDA, asset‑coverage ratios) associated with the 7.00% notes, and do they pose any near‑term compliance risks? Does the senior secured nature of the notes give creditors priority over existing lenders, and could this trigger a re‑ranking of current debt obligations? How does the 7.00% yield compare to the prevailing market rates for comparable senior secured debt in the travel/expedition sector? How does this private placement pricing compare to recent debt offerings by peer companies in the luxury tourism space? How will the $675 million senior secured note issuance affect Lindblad’s leverage and credit metrics? What is the anticipated impact of the notes due 2030 on Lindblad’s cash‑flow profile and interest‑expense burden over the next several years? What is the market’s reaction to the pricing announcement—are we seeing any immediate changes in the bid‑ask spread or pre‑market activity on LIND? What specific use of proceeds has Lindblad disclosed, and how will it impact future growth or operational capacity? Will the issuance dilute existing equity holders, and how might that be reflected in the stock’s price and trading volume?