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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.