November 5, 2009 (FinancialWire) — Landry’s Restaurants, Inc. (NYSE: LNY) 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.

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