HOUSTON, April 24, 2012 /PRNewswire/ -- Landry's,
Inc. ("Landry's") announced today that the cash tender offer and
consent solicitation for its outstanding senior secured notes due
2015 (CUSIP Nos. 51508L AK9 and 51509B AA2) (the "Notes") expired
at 12:00 midnight, New York City
time, on April 23, 2012 (the
"Expiration Date"). An aggregate principal amount of
$644,237,000 of the Notes,
representing approximately 98.3% of the Notes outstanding, were
validly tendered in the tender offer.
Holders of the Notes who validly tendered (and did not
subsequently withdraw) their Notes prior to 5:00 p.m., New York
City time, on April 6, 2012
(the "Consent Date") were eligible to receive the "Total
Consideration" of $1,120 per
$1,000 principal amount of such
Notes, which included a consent payment of $30 per $1,000
principal amount of such Notes. Holders who validly tendered
their Notes after the Consent Date but on or prior to the
Expiration Date, and whose Notes were accepted for purchase, were
only eligible to receive the "Tender Offer Consideration," which
was the Total Consideration less the consent payment. In each case,
holders whose Notes were accepted for purchase received accrued and
unpaid interest from the most recent interest payment date up to
the settlement date.
SOURCE Landry's Restaurants, Inc.