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Landry's talks $210 million five-year notes to yield 10¼%-10½% at 99
By Paul A. Harris and Aleesia Forni
Columbus, Ohio, Dec. 18 - Landry's Holdings II, Inc.'s planned $210 million offering of five-year senior cash pay notes due Jan. 1, 2018 is being talked to yield 10¼% to 10½% at 99, a market source said.
Books close at 1 p.m. ET.
Jefferies & Co. is the bookrunner for the Rule 144A and Regulation S for life notes.
The notes will be callable on Jan. 1, 2015 at 104.
Proceeds will be used to fund a distribution to the parent company.
Landry's Holdings is a Houston-based diversified restaurant, hospitality and entertainment company.
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