January 14, 2022
Fertitta Entertainment, LLC (f/k/a Golden Nugget, LLC), a multinational, diversified gaming, restaurant, hospitality, and entertainment company, has announced that it has priced an offering of US$2.25 billion aggregate principal amount of senior notes, comprising US$1 billion aggregate principal amount of 4.625% senior secured notes due 2029 and US$1.25 billion aggregate principal amount of 6.75% senior notes due 2030. The notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and outside the United States pursuant to Regulation S under the Securities Act. The closing of the offering is expected to occur on January 27, 2022, and is subject to customary conditions.
Latham & Watkins LLP represents Fertitta Entertainment, LLC in the offering with a capital markets team led by New York partners Marc Jaffe and Ian Schuman and New York counsel Ryan deFord, with New York associates Kaj Nielsen, Shawn Quinn, and Jie Lin Nai. Advice was also provided on finance matters by New York partner Jesse Sheff, Houston partner Matthew Jones, Chicago partner Jason Gott, and New York counsel Emily Leong Yu, with Houston associates Benjamin Gelfand, Chris Wood, Kirby Swartz, and Wole Oluborode; on tax matters by Houston partner Jared Grimley, with Houston associate Dominick Constantino; and on real estate matters by New York counsel Shira Bressler.