| Landry's Restaurants announced that it has priced an offering of $406.5M in aggregate principal amount of 11.625% senior secured notes due 2015. The company will receive gross proceeds of $400.1M. The notes will be secured and guaranteed by certain of Landry's subsidiaries. The notes are being offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States pursuant to Regulation S under the Securities Act. The closing of the transaction is expected to occur on November 30, 2009, and is subject to customary conditions. The company also announced that it is also expecting to close a $235.6M amended and restated credit facility consisting of a $75M revolving credit facility and a $160.6M term loan on November 30, 2009, subject to customary conditions. :theflyonthewall.com |
