Landry's closes on $510 million in financing

HOUSTON Landry's Restaurants Inc. said late Friday that it had closed on $510 million in new financing to help pay bondholders of $400 million who were poised to call their notes this month.

The company, parent to the Rainforest Cafe and Chart House restaurants as well as the Golden Nugget hotels and casinos, said it had closed on an offering announced earlier this month of $295.5 million in 14-percent secured notes due in 2011, as well as a previously announced

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