Lindblad expects to use new notes to repay export credit facilities

Chicago, April 17 – Lindblad Expeditions Holdings, Inc. plans to repay in full the outstanding borrowings under its existing export credit facilities using the proceeds from an offering of senior secured notes, according to a press release.

The credit facilities were incurred to finance two of its vessels, the National Geographic Endurance and National Geographic Resolution.

The remaining proceeds from the new notes offering will be used for working capital and general corporate purposes, which may include strategic growth initiatives.

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

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