HOUSTON, Jan. 10, 2022 /PRNewswire/ — Fertitta Leisure, LLC (f/ok/a Golden Nugget, LLC) (“Fertitta Leisure”) introduced at present that it’s proposing to concern $3.7 billion combination principal quantity of senior notes, comprised of $1.85 billion combination principal quantity of senior secured notes due 2029 (the “Senior Secured Notes”) and $1.85 billion combination principal quantity of senior notes due 2030 (the “Senior Notes” and along with the Senior Secured Notes, the “notes”), in a personal providing that’s exempt from the registration necessities of the Securities Act of 1933, as amended (the “Securities Act”). The proposed providing is topic to market and different situations.
The gross proceeds of the providing and borrowings underneath a brand new $1.85 billion senior secured credit score facility, will likely be used to refinance roughly $4.6 billion of present indebtedness, together with redeeming all of Fertitta Leisure’s present 6.750% Senior Notes due 2024 (the “Present Senior Notes”) and present 8.750% Senior Subordinated Notes due 2025 (the “Present Senior Subordinated Notes”), plus redemption premiums and accrued and unpaid curiosity thereon, to pay charges and bills associated to the transactions and for basic company functions. Nothing on this press launch needs to be construed as a proposal to buy, discover of redemption or a solicitation of a proposal to buy any of the Present Senior Notes and/or any of the Present Senior Subordinated Notes, and the closing of this providing will not be conditioned on the consummation of such redemptions; nevertheless, the redemptions of the Present Senior Notes and the Present Senior Subordinated Notes are conditioned on the consummation of this providing and sure different financing transactions.
The notes are being provided solely to certified institutional patrons in reliance on Rule 144A underneath the Securities Act and out of doors the US solely to non-U.S. buyers pursuant to Regulation S. The notes haven’t been, and won’t be, registered underneath the Securities Act or any state securities legal guidelines and is probably not provided or offered in the US absent registration or an relevant exemption from the registration necessities of the Securities Act and relevant state legal guidelines. This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase the notes, nor shall it represent a proposal, solicitation or sale in any jurisdiction during which such supply, solicitation or sale is illegal. Any supply of the securities will likely be made solely by the use of a personal providing memorandum.
This press launch incorporates forward-looking statements relating to Fertitta Leisure’s intention to concern the notes and its supposed use of the ensuing proceeds therefrom. There isn’t any assurance that Fertitta Leisure will efficiently full the proposed providing, enter into the brand new credit score services or use the proceeds as presently supposed. Traders mustn’t place undue reliance on forward-looking statements as predictions of future outcomes. Fertitta Leisure undertakes no obligation to replace or revise any forward-looking statements to mirror developments or info obtained after the date of this press launch.
About Fertitta Leisure, LLC
Fertitta Leisure, LLC (f/ok/a Golden Nugget, LLC), which is not directly wholly-owned by Tilman J. Fertitta, by way of subsidiaries and associates, is a multinational, diversified gaming, restaurant, hospitality, and leisure firm primarily based in Houston, Texas. Fertitta Leisure’s gaming division contains the famend Golden Nugget Resort and On line casino idea, with areas in Las Vegas and Laughlin, NV; Atlantic Metropolis, NJ; Biloxi, MS; and Lake Charles, LA. Fertitta Leisure’s leisure and hospitality divisions embody common locations together with the Kemah Boardwalk. Fertitta Leisure additionally operates greater than 500 shops, together with over 400 high-end and informal eating institutions world wide, with well-known ideas corresponding to Del Frisco’s, Landry’s Seafood Home, Bubba Gump Shrimp Co., Rainforest Cafe, Morton’s The Steakhouse, The Oceanaire Seafood Room, McCormick & Schick’s Seafood, Chart Home, Joe’s Crab Shack, Saltgrass Steak Home and Catch. Landry’s additionally operates the favored New York BR Visitor Eating places corresponding to Dos Caminos, Strip Home and Invoice’s Bar & Burger.
View authentic content material:https://www.prnewswire.com/news-releases/fertitta-entertainment-llc-fka-golden-nugget-llc-launches-private-offering-of-3-7-billion-aggregate-principal-amount-of-senior-secured-notes-and-senior-notes-301457115.html
SOURCE Fertitta Leisure, LLC