Sep 2025
Conyers has assisted Lindblad Expeditions, LLC (the Issuer) in connection with Cayman Islands law aspects of its recent issue of US$675 million, 7.000% Senior Secured Notes due 2030 and its refinancing of a secured credit facility. The net proceeds of the bond issue are intended to be used to redeem, repurchase or repay all of the outstanding 6.750% Senior Secured Notes due 2027, previously issued by the Issuer, and 9.000% Senior Secured Notes due 2028, previously issued by Lindblad Expeditions Holdings, Inc. (the Issuer’s direct parent entity).
The Conyers team is led by Partner Matthew Stocker and Associate Oliver Cross.
Wilmington Trust, National Association acted as trustee, principal paying agent, transfer agent, registrar and collateral trustee. Citigroup, J.P. Morgan and Morgan Stanley acted as book-running managers, and JPMorgan Chase Bank, N.A. acted as administrative agent.
Skadden, Arps, Slate, Meagher & Flom LLP, and Foley & Lardner LLP acted as co-counsel to Lindblad, Proskauer Rose LLP acted as legal counsel to the Administrative Agent and Notes Trustee, and Alston & Bird acted as counsel to Wilmington Trust.