Landry's Begins Cash Tender Offer for $655.5M of Senior Secured Notes

Landry's announced today that it has commenced a cash tender offer for any and all of its $655,500,000 outstanding aggregate principal amount of 11 5/8% Senior Secured Notes due 2015. In connection with the tender offer, Landry's is soliciting consents to effect certain proposed amendments to the indenture governing the Notes that would release all of the collateral that secures the Notes and eliminate substantially all of the restrictive covenants as well as certain events of default. The tender offer and consent solicitation is being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated March 26, 2012, which more fully sets forth the terms and conditions of the Offer to Purchase.