Debt from Applebee’s deal deepens DineEquity’s red ink

GLENDALE Calif. Increased interest expenses from the year-ago purchase of Applebee’s International Inc. widened the losses of franchisor DineEquity Inc. for the third quarter to $16.4 million, or 98 cents per share, the company reported Monday. The results compare with a year-ago loss of $11.6 million, or 69 cents a share.

But DineEquity, which also franchises the IHOP chain, was able to calm investor concerns about its plan to pay down debt through the sale o

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