Lindblad Expeditions to repay bank debt with notes proceeds

By Sara Rosenberg

New York, Jan. 20 – Lindblad Expeditions LLC plans to repay in full its existing term loan and revolving credit facility borrowings using proceeds from a $360 million senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes.

Lindblad is a New York-based expedition travel company that focuses on ship-based voyages.

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