Lindblad Expeditions Holdings, Inc. Announces Pricing of Tender Offer for any and all of the 6.750% Senior Secured Notes due 2027 issued by Lindblad Expeditions, LLC

About this update from Lindblad Expeditions Holdings Inc.

[{"type":"text","content":"NEW YORK, Aug. 19, 2025 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) (\"Lindblad\") announced today the pricing terms of the previously announced offer by its wholly-owned subsidiary, Lindblad Expeditions, LLC (the \"Issuer\"), to purchase for cash (the \"Tender Offer\") any and all of the Issuer's outstanding 6.750% Senior Secured Notes due 2027 (the \"Notes\"). The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated August 5, 2025 (the \"Offer to Purchase and Consent Solicitation Statement\").\n\n \n \n \n \n \n \n\n \nThe total consideration (the \"Total Consideration\") to be paid for the Notes accepted for purchase was determined by reference to (i) the fixed spread for the Notes set forth in the table below and (ii) the bid side yield to maturity (the \"Reference Yield\") of the U.S. Treasury reference security set forth in the table below. The Reference Yield for the Notes was calculated by the dealer manager in accordance with standard market practice at 10:00 a.m., New York City time, on August 19, 2025. The Total Consideration for the Notes includes an early tender payment (the \"Early Tender Payment\") of $30.00 per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on August 18, 2025 (the \"Early Tender Deadline\") and accepted for purchase pursuant to the Tender Offer.\nThe following table sets forth the pricing information for the Tender Offer:\nTitle of Security\nCUSIP Nos. /ISINs\nPrincipal Amount Outstanding\nUST Reference Security\nReference Yield\nFixed Spread (bps)\nTotal Consideration(1)(2)\n6.750% Senior Secured Notes due 2027\nCUSIP: 53523LAA8 (144A) and U5347LAA9 (Reg S);\nISIN: US53523LAA89 (144A) and USU5347LAA99 (Reg S)\n$360 million\n1.625% due February 15, 2026\n4.147 %\n+50\n$1,009.98\n(1) Includes the Early Tender Payment of $30.00 per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline and accepted for purchase pursuant to the Tender Offer.(2) Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline and accepted for purchase pursuant to the Tender Offer.\nHolders who have...

More updates from Lindblad Expeditions Holdings Inc.