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November 5, 2009 (FinancialWire) -- Landry's Restaurants, Inc. (NYSE: LNY | Quote | Chart | News | PowerRating) 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 Restaurants operates full-service, casual dining restaurants, primarily under the names of Rainforest Cafe, Saltgrass Steak House, Landry's Seafood House, Charley's Crab, The Chart House, and the Signature Group of restaurants. Landry's is also engaged in the ownership and operation of hospitality businesses, including the Golden Nugget Hotel & Casino in Las Vegas and Laughlin, Nevada. FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net. Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). http://www.financialwire.net For full details on Landrys Restaurants Inc (LNY) click here. Landrys Restaurants Inc (LNY) has Short Term PowerRatings of 4. Details on Landrys Restaurants Inc (LNY) Short Term PowerRatings is available at This Link.
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