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

Register to view the full article

Register to view this article

TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.