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Tilman Fertitta Borrows $250M at 12 Percent; After Laying Off 45,000, Tilman has Cash Burn-Rate of $2 Million a Day

HOUSTON – (Realty News Report) – Houston restaurant and casino magnate Tilman Fertitta has borrowed $250 million at a whopping 12 percent interest rate while his business struggles with the coronavirus shutdown. Fertitta has a cash burn-rate of $2 million a day and he said he needed  liquidity for the long haul, in case the coronavirus impact continues well into ... Read More »

Tilman Fertitta Closes on Purchase of Del Frisco’s Steakhouse Chain

HOUSTON – (Realty News Report) – Houstonian Tilman J. Fertitta announced that Landry’s, Inc. has closed on the acquisition of Del Frisco’s Double Eagle Steakhouses and the Del Frisco’s Grilles. The seller is L Catterton, the largest and most global consumer-focused private equity firm.  The Wall Street Journal said the price was between $300 million and $325 million. Del Frisco’s is ... Read More »

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