Welcome to our dedicated page for Lindblad Expeditions Hldgs news (Ticker: LIND), a resource for investors and traders seeking the latest updates and insights on Lindblad Expeditions Hldgs stock.
Lindblad Expeditions Holdings Inc. reports news about its expedition cruise and adventure travel business, including ship-based expeditions, land experiences, and branded travel offerings that operate across global destinations. Company updates commonly cover tour revenue, occupancy, net yield per available guest night, Adjusted EBITDA, and performance by the Lindblad and Land Experiences segments.
Recurring developments also include capital-structure actions, debt activity, fleet and itinerary planning, and ownership changes involving travel subsidiaries such as Natural Habitat. Lindblad news often frames operating results through demand for expedition travel, pricing, guest experience, and the company’s collaboration with National Geographic-branded expedition offerings.
Lindblad Expeditions Holdings has entered an agreement to raise $85 million through a private placement of convertible preferred stock with notable investors including MSD Partners and Durable Capital. The preferred stock offers a 6.0% dividend, convertible at $9.50 per share, representing a 23% premium to the stock's average price. This capital will enhance Lindblad's liquidity, which will be approximately $187 million post-investment. The funds aim to support the company's return to operations amidst the COVID-19 pandemic and enable future growth opportunities.
Lindblad Expeditions Holdings reported significant financial challenges due to COVID-19, with second-quarter tour revenues dropping 100% to a loss of $76.9 million. The net loss available to common stockholders was $39.7 million, or $0.80 per diluted share. Total cash, unrestricted and restricted, stood at $102.2 million as of June 30, 2020. The company has implemented various cost-cutting measures, including deferring $9 million in principal payments and reducing expected capital expenditures by over $10 million. Although bookings for 2021 show a positive trend, near-term demand remains uncertain.
Lindblad Expeditions Holdings will disclose its 2020 second quarter financial results on August 10, 2020, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET. Interested parties can access the call by dialing 844-378-6487 in the US or 412-542-4182 internationally. The earnings release and a live audio webcast will be available on their investor relations website. A replay will be available within 48 hours at the same site and via phone.