Lindblad Expeditions is a travel company we have not talked about here before. Let’s correct that mistake right now. Lindblad is actually more than a 16-ship cruise line that offers ship-based and land-based voyages through its Lindblad Expeditions brand and subsidiaries, including Natural Habitat, Off the Beaten Path, DuVine Cycling + Adventure, and Classic Journeys. I’ll be traveling with Lindblad soon so let’s take a look.

Interestingly, Yesterday, Lindblad Expeditions Holdings (NASDAQ: LIND) experienced a significant increase in its share price, rising by 18.10% and returning to a double-digit value.

The company works in partnership with National Geographic to provide marine expedition programs and promote conservation and sustainable tourism worldwide. Lindblad’s voyages are designed to be educational, allowing guests to interact with leading scientists, naturalists, and researchers while exploring natural environments using state-of-the-art exploration tools.

Lindblad recently announced the pricing of $275,000,000 aggregate principal amount of 9.000% senior secured notes due 2028 at par in connection with its previously announced private offering. The notes will be senior obligations of the Issuer and will be guaranteed by Lindblad Expeditions, LLC, and certain of its subsidiaries.

Lindblad intends to use the net proceeds from the proposed offering to prepay in full all outstanding borrowings under its existing export credit facilities that were incurred to finance the Mortgaged Vessels. The remaining net proceeds will be used for working capital and general corporate purposes. The offering is expected to close on or about May 2, 2023.

Photos: Lindblad Expeditions