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, Landry‚Äôs Restaurants Inc. said Thursday it had set up a ‚Äústand-by‚ÄĚ credit facility. But a Landry‚Äôs executive said use of the facility could cause ‚Äúirreparable harm‚ÄĚ to the company. Landry‚Äôs, 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