#USA #New York #Senior Secured Notes #Tender Offer #Lindblad Expeditions

Lindblad Expeditions Holdings, Inc. Announces Pricing of Tender Offer

On August 19, 2025, Lindblad Expeditions Holdings, Inc. (Nasdaq: LIND) disclosed the terms of its cash tender offer for its outstanding 6.750% Senior Secured Notes due in 2027, issued by its wholly-owned subsidiary, Lindblad Expeditions, LLC. This strategic move reflects Lindblad’s commitment to managing its debt effectively and providing holders of the Notes an attractive opportunity to tender their securities for purchase.

Details of the Tender Offer

The tender offer is structured to buy back all the Notes at a specified pricing level. The Total Consideration, which is the amount paid for the Notes accepted for purchase, has been calculated based on a fixed spread relative to the bid yield to maturity of the U.S. Treasury reference security. Specifically, on the announcement date of the tender offer, the Reference Yield was determined in accordance with industry norms which was set at 4.147% for the applicable UST reference securities.

A premium of $30.00 is included as an Early Tender Payment for those who submit their Notes before the Early Tender Deadline at 5:00 p.m. ET on August 18, 2025. For those who do not meet this deadline, the Tender Offer Consideration will be lower, set to $979.98 per $1,000 principal amount without the early tender bonus.

Pricing Overview

The respective parameters for the Notes are as follows:

• - Title of Security: 6.750% Senior Secured Notes due 2027
• - Principal Amount Outstanding: $360 million
• - CUSIP Nos.: CUSIP 53523LAA8 (144A) and U5347LAA9 (Reg S)
• - Reference Yield: 4.147%
• - Fixed Spread: +50 basis points
• - Total Consideration: $1,009.98 (includes early tender payment)

The final date for Note submissions is set for September 3, 2025, at 5:00 p.m. ET, at which point all tendered Notes will be subject to consummation conditions as detailed in the Offer to Purchase and Consent Solicitation Statement provided to Note holders. Accrued interest will also be paid on accepted Notes, ensuring that investors receive due financial compensation for their holdings during the offer window.

Additional Information and Guidance

For Note holders wanting more information, copies of the Offer to Purchase and Consent Solicitation Statement can be requested from Global Bondholders Services Corporation, which serves as the Tender and Information Agent for this operation. Additionally, Citigroup Global Markets Inc. has been designated as the dealer manager facilitating the Tender Offer.

Lindblad Expeditions Holdings emphasizes that this offering does not constitute a solicitation to sell or buy any securities outside the legal parameters applicable to each jurisdiction. This Tender Offer is a considered approach to encourage liquidity among Note holders and provide a method for Lindblad to improve its financial standing in a sustainable manner.

In conclusion, Lindblad Expeditions continues to inform its stakeholders with transparency and dedication, ensuring they are well aware of significant financial moves that may affect their investments and the overall market. The engagement with customers and investors alike remains a priority as the company navigates through its operations strategically in the coming years.