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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?