debt
confidence high
sentiment neutral
materiality 0.65
Dine Brands plans to refinance ~$585M senior secured notes with $400M-$500M new notes
Dine Brands Global, Inc.
- Intends to replace Series 2019-1 Class A-2-I notes (approx. $585M principal) with new securitized facility of $400M-$500M.
- Net proceeds plus cash on hand and Variable Funding notes to repay existing notes, fees, and general corporate purposes.
- Series 2019-1 Class A-2-II ($594M) and Series 2022-1 Class A-1 ($100M) notes not refinanced at this time.
- Transaction contingent on market conditions; no assurance on timing, rates, or completion.