HOUSTON Prior to an Aug. 16 court hearing to decide whether $400 million in 7.5-percent, senior, unsecured notes can be accelerated by the note holders and made immediately due, Landryâ€™s Restaurants Inc. said Thursday it had set up a â€śstand-byâ€ť credit facility. But a Landryâ€™s executive said use of the facility could cause â€śirreparable harmâ€ť to the company. Landryâ€™s, which operates some 200 casual-dining restaurants under various brands as well as hotels and casinos, originally had ...
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Contact: Desiree Torres Desiree.Torres@penton.com