2023-04-17 17:36:46 ET
- Lindblad Expeditions ( NASDAQ: LIND ) on Monday priced a $275M private offering of 9% senior secured notes due 2028 at par.
- The notes will be offered only to qualified institutional buyers.
- Lindblad ( LIND ) intends to use the net proceeds from the offering to prepay in full all outstanding borrowings under its existing export credit facilities.
- Remaining proceeds will be used to fund the costs of the offering and for general corporate purposes, which may include strategic growth initiatives.
- The offering is expected to close on or about May 2.
- Earlier, Lindblad ( LIND ) soared after topping expectations with its preliminary Q1 results.
For further details see:
Lindblad Expeditions prices $275M private offering of senior notes