HOUSTON Landry’s Restaurants Inc. said Friday it was extending the cash tender offers for two groups of senior notes due 2014 until Feb. 5. The offers that first started in December were set to expire on Monday.
Landry’s, which operates casual-dining restaurants as well as entertainment venues and the Golden Nugget Hotel & Casino, said that as of Thursday it has received tender offers for 99.1 percent of its $395.7 million of outstanding 9.5 percent notes and for 78.1 percent of its $4.3 million in 7.5 percent notes.
In January, Landry’s board ended a planned deal with Tilman Fertitta, the company’s founder and chief executive, to take the company private. The company said there was a conflict with the Securities and Exchange Commission over disclosing confidential terms with lenders. Instead, the company will use alternative financing to refinance its debt. It also said in January that it was set to offer $270 million in new notes.
Landry’s owns Rainforest Cafe, Saltgrass Steak House, Landry's Seafood House, Charley's Crab, The Chart House and other upscale casual-dining restaurants. It also owns the Golden Nugget properties in Las Vegas and Laughlin, Nev.
Contact Ron Ruggless at [email protected].