Plans for fleet expansion and financing new ship constructions are in the crosshairs for Lindblad Expeditions after the firm secured its US$175 million loan facility through Credit Suisse AG. The loan amount was increased from its original $150 million and comes ahead of the firm’s merger with Capitol Acquisition Corp....
Plans for fleet expansion and
financing new ship constructions
are in the crosshairs for Lindblad
Expeditions after the firm secured
its US$175 million loan facility
through Credit Suisse AG.
The loan amount was increased
from its original $150 million and
comes ahead of the firm’s merger
with Capitol Acquisition Corp. II in
a deal worth US$439 million.
Other plans for the finance
include stock repurchasing and
shareholder dividend payments.
MEANWHILE, 08 July has been
set as the date for a special
meeting of Capitol Acquisition
Corp. II stockholders to formally
ratify its merger with Lindblad,
which will take place in New York.