December 2, 2009 (FinancialWire) — Landry’s Restaurants, Inc. (NYSE: LNY) has closed on its offering of $406.5 million in aggregate principal amount of 11.625% senior secured notes due 2015 (”New Notes”), as well as a $235.6 million amended and restated senior secured credit facility consisting of a $75 million revolving line of credit and a $160.6 million term loan.

The offering of the New notes was led by Jefferies (NYSE: JEF), Deutsche Bank (NYSE: DB) and UBS (NYSE: UBS), and the Credit Facility was arranged by Wells Fargo Foothill and Jefferies Finance, as co-lead arrangers and co-bookrunners. Gross proceeds from the New notes and Credit Facility will be used to refinance certain of the company’s existing indebtedness and either for general corporate purposes or, if consummated, to pay a portion of the merger consideration for the proposed acquisition of the company by Tilman J. Fertitta, its chairman, president and chief executive officer.

Landry’s is a national hospitality and entertainment company principally engaged in the ownership and operation of 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.

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