Exhibit 99.1
News Release
Investor Contact
Ken Diptee
Executive Director, Investor Relations
Dine Brands Global, Inc.
818-637-3632
Media Contact
Thien Ho
Executive Director, Communications
Dine Brands Global, Inc.
818-549-4238
Dine Brands Global, Inc. Completes Replacement
of Existing Variable Funding Senior Notes and Significantly Upsizes Financing Capacity
GLENDALE, Calif., September 5, 2018– Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill & Bar®and IHOP® restaurants, today announced it completed the replacement of its previous Series2014-1,Class A-1 Variable Funding Senior Notes (the“Class A-1 Notes”) with a new series ofClass A-1 Variable Funding Senior Notes (the “New Notes”) and significantly increased its financing capacity. The New Notes allow for drawings of up to $225 million and will bear varying interest rates depending on the type of borrowing, including 2.15% plus the Eurodollar funding rate or the commercial paper rate for advances. The previousClass A-1 Notes allowed for drawings of up to $100 million and bore an interest rate of 2.50% plus the Eurodollar funding rate or commercial paper rate for advances.
It is anticipated that the principal and interest on the New Notes will be repaid in full on or prior to September 7, 2021, subject to four additionalone-year extensions at the option of the Company upon the satisfaction of certain conditions.
About Dine Brands Global, Inc.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. With approximately 3,700 restaurants combined in 18 countries and approximately 380 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company’s website located at www.dinebrands.com.