Dine Brands Global, Inc. Completes Refinancing of its Class A-2-I Senior Secured Notes Through a Securitization
The financing facility is comprised of Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes (the “New Notes”) with an initial principal amount of $500 million.
- The financing facility is comprised of Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes (the “New Notes”) with an initial principal amount of $500 million.
- The Series 2019-1 Class A-2-II, Fixed Rate Senior Secured Notes and the Series 2022-1 Class A-1, Variable Funding Senior Notes will not be refinanced at this time.
- As of April 17, 2023, the principal balance of the Series 2019-1 Refinancing Notes was approximately $585 million.
- As of December 31, 2022, there was $594 million outstanding under the Series 2019-1 Class A-2-II, Fixed Rate Senior Secured Notes.