Lindblad Expeditions Hldgs (LIND) Stock News

Lindblad Expeditions Holdings (NASDAQ:LIND) has announced pricing details for its tender offer to purchase all outstanding 6.750% Senior Secured Notes due 2027. The total consideration is set at $1,009.98 per $1,000 principal amount, which includes an early tender payment of $30.00.

The tender offer covers $360 million in outstanding notes. Holders who tender after the Early Tender Deadline (August 18, 2025) but before the Expiration Time (September 3, 2025) will receive $979.98 per $1,000 principal amount. The pricing was determined using a fixed spread of +50 bps over the 1.625% U.S. Treasury reference security due February 15, 2026, yielding 4.147%.

Lindblad Expeditions Holdings (NASDAQ:LIND) announced early results of its cash tender offer and consent solicitation for its 6.750% Senior Secured Notes due 2027. As of the Early Tender Deadline, approximately $263.3 million (73.1%) of the outstanding Notes were validly tendered. The company received majority consent to eliminate restrictive covenants but did not achieve the 75% threshold needed for collateral release.

Holders who tendered by the Early Tender Deadline will receive the Total Consideration including a $30.00 Early Tender Payment per $1,000 principal amount. The tender offer expires on September 3, 2025. Lindblad plans to redeem any remaining notes after February 15, 2026, at 100% of principal amount plus accrued interest.

Lindblad Expeditions (NASDAQ: LIND) has announced the pricing of $675 million in senior secured notes due 2030 at a 7.000% interest rate, representing a $25 million upsize from the initially planned offering. The notes will be issued by Lindblad Expeditions, LLC and are expected to close around August 20, 2025.

The proceeds will be used to fund a tender offer for outstanding 6.750% Senior Secured Notes due 2027 and redeem all 9.000% Senior Secured Notes due 2028. The new notes will be guaranteed by Lindblad and certain subsidiaries, secured by first-priority liens on substantially all assets of the issuer and guarantors.

The offering is limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Lindblad Expeditions (NASDAQ:LIND) has announced plans to offer $650 million in senior secured notes due 2030 through its subsidiary, Lindblad Expeditions, LLC. The new notes will be guaranteed by Lindblad and certain subsidiaries, secured by first-priority liens on company assets.

The proceeds from this offering, combined with cash on hand, will be used to fund a tender offer for all outstanding 6.750% Senior Secured Notes due 2027 and to redeem all 9.000% Senior Secured Notes due 2028. The company will also redeem any 2027 Notes not tendered in the offer.

The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.

Lindblad Expeditions (NASDAQ:LIND) announced that its subsidiary, Lindblad Expeditions, LLC, has launched a cash tender offer for all outstanding 6.750% Senior Secured Notes due 2027, totaling $360 million. The tender offer includes a consent solicitation to modify the notes' indenture by removing restrictive covenants and releasing collateral security.

Holders who tender by the Early Tender Deadline of August 18, 2025 will receive the Total Consideration plus a $30.00 Early Tender Payment per $1,000 principal amount. The offer expires on September 3, 2025. The company plans to redeem any remaining notes after February 15, 2026, at 100.000% of principal amount plus accrued interest.

Lindblad Expeditions (NASDAQ: LIND) reported strong Q2 2025 financial results, with total revenue increasing 23% to $167.9 million. The company significantly improved its performance with net loss narrowing to $9.7 million ($0.18 per share) from $25.8 million in Q2 2024. Key highlights include Adjusted EBITDA growth of 139% to $24.8 million and improved occupancy of 86%, up from 78% year-over-year.

The Lindblad segment saw a 13% increase in net yield to $1,241 per available guest night, while the Land Experiences segment revenue grew 31% to $56.9 million. The company maintains a strong liquidity position with $247.3 million in cash and has provided full-year 2025 guidance projecting tour revenues of $725-750 million and Adjusted EBITDA of $108-115 million.

Under its stock repurchase plan, Lindblad has repurchased 875,218 shares and 6.0 million warrants for $23.0 million, with $12.0 million remaining available.

Lindblad Expeditions (NASDAQ: LIND), a global expedition cruises and adventure travel provider, has scheduled its 2025 second quarter financial results announcement for August 4, 2025, before market opening.

The company will host a conference call at 8:30 am Eastern Time to discuss the results. Investors can access the call via phone using the numbers 1-800-715-9871 (US) or 1-646-307-1963 (International) with Access Code 2974921. A live audio webcast will be available on the company's investor relations website, with replay and transcript available within 48 hours.

Lindblad Expeditions (NASDAQ: LIND) reported strong Q1 2025 financial results with total revenue increasing 17% to $179.7 million. The company significantly improved its net loss to $0.04 million from $5.1 million year-over-year. Key highlights include a 39% increase in Adjusted EBITDA to $30.0 million and improved occupancy of 89% (up from 76%). The Lindblad segment saw a notable 25% increase in net yield per available guest night to $1,521. The Land Experiences segment showed strong growth with a 38% revenue increase to $48.6 million. The company maintains a solid liquidity position with $235.2 million in cash and cash equivalents. Looking ahead, Lindblad projects full-year 2025 tour revenues of $700-$750 million and Adjusted EBITDA of $100-$112 million. The company's stock repurchase plan has $12.0 million remaining, having already repurchased 875,218 shares and 6.0 million warrants.

Lindblad Expeditions (NASDAQ: LIND) has announced a strategic multi-year charter agreement with Transcend Cruises to launch European river expeditions starting in 2026. The partnership, extending through 2028, will operate under the National Geographic-Lindblad Expeditions co-brand using Transcend Cruises' luxury newbuild ships. Each voyage will feature Lindblad's veteran Expedition Leaders, Field Staff, and National Geographic Experts, offering private tours and exclusive experiences. This marks Lindblad's first venture into European river cruising, expanding their 50+ year expedition cruise portfolio. The company currently operates a fleet of 22 owned and chartered vessels, conducting over 600 annual departures across six continents. Specific itinerary details and vessel information will be announced in the coming weeks.