Lindblad Expeditions is raising $USD340 million

Lindblad Expeditions has announced it intends to raise $USD340 million to prepay outstanding borrowings.
It says the offer will be $340,000,000 aggregate principal amount of senior secured notes due 2027, subject to market and customary conditions.
Lindblad added that the notes will be senior secured obligations of the Issuer and will be guaranteed by Lindblad and certain of Lindblad’s subsidiaries and will be secured, subject to permitted liens and certain other exceptions, by first-priority liens on substantially all the assets of the Issuer and the Note Guarantors.
Lindblad said that it intends to use the net proceeds from the proposed offering to prepay in full all outstanding borrowings under its existing term loan, including the Main Street Loan, and revolving credit facility, to pay any related premiums and to terminate in full its existing credit agreement and the commitments thereunder.
Edited by John Alwyn-Jones, Cruise Editor