HOUSTON, Jan. 10, 2022 /PRNewswire/ — Fertitta Leisure, LLC (f/k/a Golden Nugget, LLC) (“Fertitta Enjoyment”) announced right now that it is proposing to issue $3.7 billion aggregate principal total of senior notes, comprised of $1.85 billion aggregate principal amount of money of senior secured notes owing 2029 (the “Senior Secured Notes”) and $1.85 billion aggregate principal amount of money of senior notes thanks 2030 (the “Senior Notes” and collectively with the Senior Secured Notes, the “notes”), in a private providing that is exempt from the registration demands of the Securities Act of 1933, as amended (the “Securities Act”). The proposed offering is subject to market place and other circumstances.
The gross proceeds of the featuring and borrowings below a new $1.85 billion senior secured credit facility, will be employed to refinance approximately $4.6 billion of existing indebtedness, such as redeeming all of Fertitta Entertainment’s present 6.750% Senior Notes due 2024 (the “Present Senior Notes”) and present 8.750% Senior Subordinated Notes because of 2025 (the “Existing Senior Subordinated Notes”), in addition redemption premiums and accrued and unpaid curiosity thereon, to spend costs and charges connected to the transactions and for typical company purposes. Almost nothing in this press launch should be construed as an give to obtain, recognize of redemption or a solicitation of an offer you to obtain any of the Existing Senior Notes and/or any of the Present Senior Subordinated Notes, and the closing of this supplying is not conditioned on the consummation of these kinds of redemptions on the other hand, the redemptions of the Existing Senior Notes and the Existing Senior Subordinated Notes are conditioned on the consummation of this providing and selected other funding transactions.
The notes are getting available only to competent institutional potential buyers in reliance on Rule 144A below the Securities Act and outside the United States only to non-U.S. buyers pursuant to Regulation S. The notes have not been, and will not be, registered below the Securities Act or any point out securities rules and may not be made available or sold in the United States absent registration or an relevant exemption from the registration necessities of the Securities Act and relevant state legal guidelines. This press launch does not represent an offer you to sell or the solicitation of an offer to obtain the notes, nor shall it constitute an offer you, solicitation or sale in any jurisdiction in which this sort of supply, solicitation or sale is illegal. Any offer you of the securities will be built only by means of a personal providing memorandum.
This press launch contains ahead-seeking statements concerning Fertitta Entertainment’s intention to difficulty the notes and its supposed use of the ensuing proceeds therefrom. There is no assurance that Fertitta Enjoyment will properly finish the proposed presenting, enter into the new credit score amenities or use the proceeds as presently intended. Investors should not area undue reliance on forward-seeking statements as predictions of long term benefits. Fertitta Leisure undertakes no obligation to update or revise any ahead-looking statements to replicate developments or facts acquired just after the day of this push launch.
About Fertitta Entertainment, LLC
Fertitta Leisure, LLC (f/k/a Golden Nugget, LLC), which is indirectly wholly-owned by Tilman J. Fertitta, by way of subsidiaries and affiliate marketers, is a multinational, diversified gaming, cafe, hospitality, and enjoyment organization primarily based in Houston, Texas. Fertitta Entertainment’s gaming division incorporates the renowned Golden Nugget Hotel and Casino strategy, with spots in Las Vegas and Laughlin, NV Atlantic Town, NJ Biloxi, MS and Lake Charles, LA. Fertitta Entertainment’s amusement and hospitality divisions encompass well-known locations which includes the Kemah Boardwalk. Fertitta Leisure also operates much more than 500 stores, including over 400 high-conclusion and informal dining establishments close to the globe, with effectively-identified concepts such as Del Frisco’s, Landry’s Seafood Property, Bubba Gump Shrimp Co., Rainforest Cafe, Morton’s The Steakhouse, The Oceanaire Seafood Area, McCormick & Schick’s Seafood, Chart Property, Joe’s Crab Shack, Saltgrass Steak Residence and Catch. Landry’s also operates the well known New York BR Guest Dining establishments this sort of as Dos Caminos, Strip Dwelling and Bill’s Bar & Burger.
Resource Fertitta Amusement, LLC