secwatch / observer
8-K filed April 17, 2023, 7:59 PM ET ticker DIN CIK 0000049754
debt confidence high sentiment neutral materiality 0.60

Dine Brands Global, Inc. (DIN): debt financing — Dine Brands completes $500M securitization refinancing of 2019 Class A-2-I notes

Dine Brands Global, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dine Brands Global, Inc. incurred senior notes of $500 million with Citibank, N.A. at 7.824% maturing March 2053.

Instrument
senior notes
Principal
$500 million
Counterparty
Citibank, N.A.
Rate
7.824%
Maturity
March 2053
Event
incurrence
Exact text from the filing
issued the 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
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dine Brands Global, Inc. amended Management Agreement with Citibank, N.A. (effective 2023-04-17).

Action
amendment
Counterparty
Citibank, N.A.
Effective
2023-04-17
Exact text from the filing
On the Closing Date, the Corporation also entered into an amendment and restatement of that certain Management Agreement, dated September 30, 2014, as previously amended and restated on September 5, 2018 and June 5, 2019, a copy of which, as so amended and restated, is attached hereto as Exhibit 10.1, among the Corporation, the Securitization Entities, Applebee’s Services, Inc., International House of Pancakes, LLC and the Trustee
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Dine Brands Global, Inc. entered into Second Amended and Restated Base Indenture with Citibank, N.A. valued at $500 million (effective 2023-04-17).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A.
Value
$500 million
Effective
2023-04-17
Exact text from the filing
On April 17, 2023 (the “Closing Date”), Applebee’s Funding LLC and IHOP Funding LLC (the “Co-Issuers”), each a special purpose, wholly-owned indirect subsidiary of Dine Brands Global, Inc., a Delaware corporation (the “Corporation”), issued the 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.
View on SEC.gov

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Dine Brands Global, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-103657
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