DineEquity Plans Debt as Junk Inflows Surge: New Issue Alert
This article is for subscribers only.
DineEquity Inc., the operator of the IHOP and Applebee’s restaurant chains, is marketing speculative-grade debt as junk bond mutual funds reported the largest inflows in nine weeks.
DineEquity plans to sell senior unsecured notes that may be used to help fund tender offers for “certain series of its subsidiaries’ outstanding securitization notes,” the Glendale, California company said in a Sept. 10 statement.