Landry’s initiates tender offer on senior notes; inks $81 million credit agreement

HOUSTON Landry's Restaurants Inc. today started cash tender offers for about $400 million in senior notes due in 2014, which could be called early next year as part of an agreement reached with bondholders in an August 2007 court settlement.

The hospitality company, which is in the midst of being bought out by founder Tilman Fertitta, on Monday said it also had signed an $81 million credit agreement through Wells Fargo Foothill, a division of Wells Fargo & Co.,

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