Private placement proceeds to help fund Bubba Gump acquisition
Landry’s Restaurants Inc. said Tuesday it will offer up to $87 million in senior secured notes in a private placement to pay for part of its Bubba Gump Shrimp Co. acquisition. The $87 million, offered at 11.625 percent, would be an add-on at the same terms as the restaurant and gaming company’s previously issued notes, which carry an aggregate principal of $453.5 million, and are due in 2015. Landry’s said last month it was acquiring the 32-unit Bubba Gump Shrimp Co. ...
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