Landry's Restaurants Inc. (LNY) announced that it has priced an offering of $406.5 million in aggregate principal amount of 11.625% senior secured notes due 2015. The company will receive gross proceeds of $400.1 million.
The company also announced that it is expecting to close a $235.6 million amended and restated credit facility consisting of a $75 million revolving credit facility and a $160.6 million term loan on November 30, 2009, subject to customary conditions.
The company noted that these refinancings do not affect the outstanding debt on the Golden Nugget Hotel and Casino of approximately $498.1 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.