Capitol Acquisition announced Lindblad Expeditions, Capitol’s proposed merger partner, entered into its previously announced new credit agreement with Credit Suisse AG as administrative agent and collateral agent. The financing was increased from $120 to $150 million in size. Proceeds will be used for general corporate purposes.

Lindblad has applied the remaining net proceeds from the financing to repay its existing debt and complete the buyout of certain existing stakeholders.

The proposed business combination between Capitol and Lindblad is expected to be completed in Q2/15. The transaction is subject to approval by Capitol stockholders and other customary closing conditions.

Capitol has filed a preliminary proxy statement with the SEC to be used at its special meeting of stockholders in lieu of an annual meeting to approve the proposed transaction with Lindblad. Stockholders are advised to read the preliminary proxy statement and, when available, Capitol’s definitive proxy statement in connection with the solicitation of proxies for the special meeting because these statements contain important information.

Lindblad Expeditions is an expedition travel company that works in partnership with National Geographic to inspire people to explore and care about the planet.