Fertitta Entertainment LLC, founded in 1999 and headquartered in Houston, Texas, is a prominent company focused on the hospitality and entertainment sectors. The company operates a diverse portfolio of assets, including restaurants, hotels, and gaming facilities, catering to a wide range of consumer experiences.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FRTITA 4.63% 2029-01-15 USDFertitta Entertainment LLC | United States | 2029-01-15 | 4.625 | 6.66 |
| FRTITA 4.63% 2029-01-15 USDFertitta Entertainment LLC | United States | 2029-01-15 | 4.625 | 6.46 |
| FRTITA 6.75% 2030-01-15 USDFertitta Entertainment LLC | United States | 2030-01-15 | 6.750 | 9.10 |
| FRTITA 6.75% 2030-01-15 USDFertitta Entertainment LLC | United States | 2030-01-15 | 6.750 | 5.07 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Fertitta Entertainment began issuing bonds in 2019 to support its expansion efforts and refinance existing debt. One significant issuance was in 2021 when the company raised $1 billion in high-yield bonds to finance acquisitions and enhance liquidity during the pandemic. Currently, Fertitta's bonds yield around 8.5%, which positions them competitively within the industry given the average rate of approximately 6%. The bonds typically feature call options, allowing the company flexibility in debt management. Recent news highlighted the company's strategic initiatives to expand its hospitality offerings, which may impact future bond issuance plans.