APPLEBEE’S FUNDING LLC IHOP FUNDING LLC DINE BRANDS GLOBAL, INC. $700,000,000 SERIES 2019-1 4.194% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-I $600,000,000 SERIES 2019-1 4.723% FIXED RATE SENIOR SECURED NOTES, CLASS A-2-II PURCHASE AGREEMENTPurchase Agreement • May 28th, 2019 • Dine Brands Global, Inc. • Retail-eating places • New York
Applebee’s Funding LLC, a Delaware limited liability company (“Applebee’s Funding”) and IHOP Funding LLC, a Delaware limited liability company (“IHOP Funding”, and, together with Applebee’s Funding, the “Co-Issuers”, and each a “Co-Issuer”) propose, upon the terms and conditions set forth in this agreement (as the same may be amended or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), to jointly issue and sell to Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, as the Initial Purchasers, two tranches of fixed rate senior secured notes: (A) the Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I (the “Class A-2-I Notes”) in an initial aggregate principal amount of $700,000,000 and (B) the Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II (the “Class A-2-II Notes” and, collectively with the Class A-2-I Notes, the “Class A-2 Notes”) in an initial aggregate principal amount of $600,000,000. The Class A-
