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Article: Landry's Restaurants To Offer $550 Million Of Debt.
- Article from:
- Investrend
- Article date:
- November 5, 2009
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Nov 05, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/05/landrys-restaurants-to-offer-550-million-of-debt/)
November 5, 2009 (FinancialWire) -- Landry's Restaurants, Inc. (NYSE: LNY) said it plans to offer up to $550.0 million of debt, including newly issued senior secured debt securities issued in a private placement.
The company said it plans to use the funds raised refinance its existing indebtedness, which currently matures in 2011, and to finance, if consummated, a portion of the acquisition of Landry's by Landry's chairman, CEO and president, Tilman J. Fertitta.
Houston-based Landry's ...