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17.06.25 - 22:21
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Dine Brands Global, Inc. Completes Refinancing of its Existing Long-Term Debt Through a Securitization (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN) (the “Corporation”), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® restaurants and Fuzzy's Taco Shop®, today announced that the Corporation's indirect, two special purpose subsidiaries (the “Co-Issuers”) have completed the refinancing of their fixed rate senior secured notes and variable funding senior notes. The financing facility is comprised of Series 2025-1 Class A-2, Fixed Rate Senior Secured Notes, (“Class A-2 Notes”) in an initial principal amount of $600 million. The Class A-2 Notes bear interest at a fixed coupon rate of 6.720% per annum, payable quarterly, and have an expected term of five years.
The Co-Issuers also entered into a purchase agreement for the issuance of up to $325 million of Series 2025-1, Class A-1 Variable Funding Senior Notes (the “VFN”), which will allow the Co-Issuers to borrow amounts periodically on a revolving basis and issue letters of credit. The applicable ...
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05.06.25 - 13:03
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Dine Brands Global, Inc. Prices $600 Million Securitized Financing Facility (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN) (“Dine Brands” or the “Corporation”), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® restaurants and Fuzzy's Taco Shop®, today announced that it has entered into a purchase agreement (the “Purchase Agreement”) under which two of the Corporation's indirect, special purpose subsidiaries (the “Co-Issuers”) have agreed to issue and sell the Series 2025-1 Class A-2, Fixed Rate Senior Secured Notes (the “Class A-2 Notes”) in an initial principal amount of $600 million. Under the Purchase Agreement, the Class A-2 Notes will bear interest at a rate of 6.720% per annum, payable quarterly, and will have an expected term of five years.
The Class A-2 Notes are expected to be issued by the Co-Issuers in a privately placed securitization. The Co-Issuers and their subsidiaries will own substantially all of the Applebee's and IHOP domestic franchising, rental and financing assets and will use the cash flo...
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27.05.25 - 21:51
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KBRA Assigns Preliminary Ratings to Applebee′s Funding LLC & IHOP Funding LLC Series 2025-1 Senior Secured Notes (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to Applebee's Funding LLC and IHOP Funding LLC (Dine 2025-1), Series 2025-1 Class A-1 Notes and Class A-2 Notes, a whole business securitization (WBS). Dine 2025-1 represents the IHOP Funding LLC and Applebee's Funding LLC's (each, a Co-Issuer) sixth series issued by the master trust since 2014. In conjunction with the issuance of the Series 2025-1 Notes, KBRA anticipates affirming the ratings on the Co-Issuers' outstanding notes. Proceeds from Series 2025-1 Notes will be used to repay outstanding amounts on the Series 2019-1 Class A-2-II Notes in full, repay the Series 2022-1 Class A-1 Notes, and pay transaction fees and expenses.
Dine Brands Global, Inc. (Dine Brands or the Company) is the Manager and operator of restaurants under the International House of Pancakes and Applebee's Grill & Bar brand. As of Q1 2025, the Dine Brands' restaurant system (including non-securitized assets) was approximately 98% franchised wi...
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27.05.25 - 13:06
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Dine Brands Global, Inc. Announces Intention to Refinance Its Series 2019-1 Class A-2-II Fixed Rate Senior Secured Notes and Its Series 2022-1 Class A-1 Variable Funding Senior Notes Through a Securitization (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN) (“Dine Brands” or the “Corporation”), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® restaurants and Fuzzy's Taco Shop®, today announced its intention to refinance its Series 2019-1 Class A-2-II, Fixed Rate Senior Secured Notes (the “2019-1 Refinancing Notes”) and to refinance its Series 2022-1 Class A-1, Variable Funding Senior Notes (the “2022-1 Refinancing Notes”, together with the 2019-1 Refinancing Notes, the “Existing Notes”). The Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes are not proposed to be refinanced at this time.
As of March 31, 2025, the principal balance of the 2019-1 Refinancing Notes was approximately $594 million and the remaining availability of the 2022-1 Refinancing Notes (which have a maximum outstanding principal amount of $325 million) was $224 million, with $100 million used for outstanding loan borrowings and $1 million pledged against the 2022-1 Refin...
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14.05.25 - 14:06
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Dine Brands Global, Inc. Announces Second Quarter 2025 Dividend (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy's Taco Shop® restaurants, today announced that its Board of Directors declared a quarterly cash dividend of $0.51 per share of common stock. The dividend will be payable on July 9, 2025, to the Company's stockholders of record at the close of business on June 20, 2025.
About Dine Brands Global, Inc.
Based in Pasadena, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries and franchisees, supports and operates restaurants under the Applebee's Neighborhood Grill + Bar®, IHOP®, and Fuzzy's Taco Shop® brands. As of March 31, 2025, these three brands consisted of over 3,500 restaurants across 19 international markets. Dine Brands is one of the largest full-service restaurant companies in the world and in 2022 expanded into the Fast Casual segment. For more information on Dine Brands, visit the Company's website located at www.dineb...
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07.05.25 - 13:06
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Dine Brands Global, Inc. Reports First Quarter 2025 Results (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar®, IHOP® and Fuzzy's Taco Shop® restaurants, today announced financial results for the first quarter of fiscal year 2025.
"As we navigate the current operating environment, the fundamentals of our business remain strong, and since the second half of the quarter, we're seeing steady improvement across sales, traffic, and our development pipeline," said John Peyton, Chief Executive Officer of Dine Brands Global, Inc. "We're advancing our long-term strategy by executing the near-term priorities outlined last quarter—enhancing the guest experience, strengthening our menu and value platforms, and driving clearer value messaging through marketing. We're making great progress, and our team and franchisees are focused on continuing the positive momentum."
Vance Chang, Chief Financial Officer of Dine Brands Global, Inc., added, "While we continue to se...
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16.04.25 - 15:03
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Dine Brands Global, Inc. to Release First Quarter 2025 Earnings On May 7, 2025 (Business Wire)
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PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar®, IHOP® and Fuzzy's Taco Shop® restaurants, will announce its first quarter 2025 financial results on May 7, 2025, before the stock market opens.
In conjunction with this announcement, Dine Brands will also host a conference call at 9:00 a.m. (Eastern Time) that morning to discuss the Company's financial results and business outlook.
A live webcast of the call will be available on the Investor Relations page of the Company's website at the Events and Presentations page under the site's Investors section at https://investors.dinebrands.com/. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time on the Company's website above.
About Dine Brands Global, Inc.
Based in Pasadena, California, Dine Brands Global, Inc. (NYSE: DIN), through ...
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