Applebee’s, IHOP parent cooking up ABS refi

ABS is back on the menu for Dine Brands Global, as the Applebee’s and IHOP parent whips up a nearly $1.58bn corporate securitization.

  • By Fotios Tsarouhis
  • 10 Aug 2018

The Glendale, CA-based company will primarily put proceeds of the deal towards refinancing $1.29bn of outstanding notes from a $1.4bn 2014 issuance.

The new deal, Applebee's Funding LLC/IHOP Funding LLC (Series 2018-1), is split into a $225m Class ‘A-1’ tranche and A-2-I and A-2-II tranches worth $675m ...

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