S&P: Lindblad unchanged

Standard & Poor's said that its rating on Lindblad Expeditions Holdings Inc.'s senior secured debt remains BB+ with a recovery rating of 1, following the company's increase of the first-lien term loan to $175 million from $150 million.

The 1 recovery rating reflects an expectation for very high (90% to 100%) recovery for lenders in a payment default.

The BB-corporate credit rating and stable outlook on Lindblad also remain unchanged.

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