Applebee’s sale-leaseback of 181 units completed

GLENDALE Calif. Applebee’s Neighborhood Grill & Bar parent DineEquity Inc. has completed the sale and leaseback of 181 locations in a transaction that generated about $296 million in after-tax cash proceeds, excluding about $5 million in transaction costs, officials said Tuesday.

Company officials previously had planned to sell and leaseback 191 restaurants with the goal of raising $350 million, but they said a lump transaction might not be possible because of

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