GALVESTON Texas Landry’s Restaurants Inc. reached a settlement Aug. 20 with bondholders that had demanded immediate repayment of $400 million in unsecured notes, which Landry’s said could have caused it “irreparable harm.” Landry’s agreed to pay 9.5-percent interest on its formerly 7.5-percent notes, and it has the option to redeem them in 18 months, or the bondholders can call them.Landry’s had asked a federal judge to make permanent a temporary injunction against bondholders Post ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!