Company also signs $950 million credit facility
DineEquity Inc. said Monday it has inked two deals to sell 56 corporate Applebee's Neighborhood Grill & Bar restaurants to franchisees for a total of $38 million. Separately on Monday, the Glendale, Calif.-based company said it had entered into a new $950 million credit facility, which includes a $900 million senior secured term loan maturing in 2017, and a $50 million senior secured revolving loan maturing in 2015. DineEquity's latest refranchising deals include a sale of 36 Applebee's ...
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Contact: Desiree Torres Desiree.Torres@penton.com