IHOP prices $200M private debt offering

GLENDALE Calif. IHOP Corp. subsidiaries have priced a $200 million private debt offering, the company said Thursday. The funds will be used to repay IHOP's existing debt and to fund share repurchases, the company said.

The private securitization includes $175 million in fixed-rate notes and a revolving credit facility of $25 million in variable funding notes. The fixed-rate notes will have an interest rate of 5.14 percent and an expected life of five years,

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