Lindblad Expeditions Holdings, Inc. Announces Proposed Private Offering of Senior Secured Notes

NEW YORK, Aug. 5, 2025 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) ("Lindblad") today announced that its wholly-owned subsidiary, Lindblad Expeditions, LLC (the "Issuer"), intends to offer $650 million aggregate principal amount of senior secured notes due 2030 (the "New Notes"), subject to market and customary conditions. The New Notes will be senior obligations of the Issuer and will be guaranteed by Lindblad and certain of Lindblad's subsidiaries (other than the Issuer) and will be secured, subject to permitted liens and certain other exceptions, by a first-priority lien on substantially all the assets of the Issuer and the guarantors.

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