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Article: Landry's Restaurants, Inc. Announces Proposed Private Placement of Debt Securities.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Landry's Restaurants, Inc. (NYSE:LNY) ("Landry's") announced that it intends to refinance its existing indebtedness, which currently matures in 2011, and to finance, if consummated, a portion of the recently announced acquisition of Landry's by Landry's Chairman, Chief Executive Officer and President, Tilman J. Fertitta, with the proceeds of a proposed offering of up to $550.0 million of debt, including newly issued senior secured debt securities issued in a private placement not registered under the U.S. Securities Act of 1933. This may include an amendment to the terms of its existing senior secured credit facility to, among other things, extend the maturity. There can ...
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