DineEquity completes $1.4B refinancing

DineEquity completes $1.4B refinancing

Better interest rates improve cash flow for Applebee’s, IHOP parent

DineEquity Inc. has completed a $1.4 billion refinancing of debt to take advantage of lower interest rates, the company said Tuesday.

The Glendale, Calif.-based parent to Applebee’s and IHOP said its subsidiaries have issued and sold $1.3 billion of their series 2014-1, Class A-2 fixed rate senior secured notes at an interest rate of 4.277 percent per year, payable quarterly, and will have an expected term of seven years.

The notes were issued in a privately placed sec

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