---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-084541"
form_type: "8-K"
ticker: "DIN"
cik: "0000049754"
company_name: "Dine Brands Global, Inc."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:51:38.430569+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Dine Brands prices $500M securitized notes at 7.824% to refinance existing debt

## Summary
- $500M Series 2023-1 Class A-2 notes priced at 7.824%, expected repayment June 2029.
- Net proceeds to repay ~$585M outstanding Series 2019-1 Class A-2-I notes.
- Closing expected on or around April 17, 2023, subject to conditions.
- Notes issued by special purpose subsidiaries owning Applebee's and IHOP franchising assets.
- Other series (2019-1 A-2-II and 2022-1 A-1) not refinanced.

## SEC filing metadata
- accession: 0001193125-23-084541
- form_type: 8-K
- ticker: DIN
- cik: 0000049754
- company_name: Dine Brands Global, Inc.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49754/000119312523084541/0001193125-23-084541-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49754/000119312523084541/d481606d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-084541
- JSON: https://secwatch.observer/filing/0001193125-23-084541.json
- Plain text: https://secwatch.observer/filing/0001193125-23-084541.txt

## Key facts
- Material Agreements
  Dine Brands Global, Inc. entered into Purchase Agreement valued at $500 million (effective 2023-03-29).
  - Action: entry
  - Agreement: notes offering
  - Value: $500 million
  - Effective: 2023-03-29
  source text: On March 29, 2023, Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), and certain subsidiaries of the Corporation entered into a Purchase Agreement (the “Purchase Agreement”), pursuant to which two special purpose subsidiaries of the Corporation have agreed to jointly issue and sell Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 (the “New Notes”) in an initial aggregate principal amount of $500 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/49754/000119312523084541/0001193125-23-084541-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.