Landry's Announces Launch of Financing for Its Acquisition of McCormick & Schmick's

Landry's, Inc. today announced that it intends to offer, subject to market and other conditions, $90 million aggregate principal amount of its 11 5/8% Senior Secured Notes due 2015.  To facilitate the financing, Landry's indirect wholly-owned subsidiary, Landry's Acquisition Co., intends to offer notes that automatically will be exchanged for Landry's Notes upon consummation of the previously announced acquisition of McCormick & Schmick's Seafood Restaurants, Inc.  The Notes will be offered in a private placement in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.