GLENDALE Calif. IHOP Corp. subsidiaries have priced a $200 million private debt offering, the company said Thursday. The funds will be used to repay IHOP's existing debt and to fund share repurchases, the company said. The private securitization includes $175 million in fixed-rate notes and a revolving credit facility of $25 million in variable funding notes. The fixed-rate notes will have an interest rate of 5.14 percent and an expected life of five years, the company said. The ...
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!