Landry's seeks new financing as note holders call for payment

HOUSTON Landry’s Restaurants Inc. is seeking new financing to replace its current credit agreement and outstanding 7.5-percent unsecured notes that total $400 million because a delay in filing financial statements led the majority of the company’s note holders and the trustee, U.S. Bank, to call for immediate payment of the unpaid principal and interest, the company reported Wednesday.

Landry’s said it believed it would be able to refinance the debt, but that “t

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