Dine Brands Global Inc., the parent company of Applebee's, IHOP, and Fuzzy's Taco Shop, announced plans to refinance its Series 2019-1 Class A-2-II Fixed Rate Senior Secured Notes and Series 2022-1 Class A-1 Variable Funding Senior Notes. The 2019-1 Refinancing Notes have a principal balance of approximately $594 million as of March 31, 2025. The 2022-1 Refinancing Notes have a maximum outstanding principal amount of $325 million, with $224 million remaining available as of the same date. The company intends to replace these existing notes with a new securitized financing facility, with net proceeds used for repayment, transaction costs, and general corporate purposes. The Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes, with $500 million outstanding, are not part of this refinancing effort. Further details such as the price, maturity date, and interest rate of the new issuances are not provided in the announcement.