APPLEBEE’S FUNDING LLC IHOP FUNDING LLC $500,000,000 SERIES 2023-1 7.824% FIXED RATE SENIOR SECURED NOTES, CLASS A-2 PURCHASE AGREEMENTPurchase Agreement • March 30th, 2023 • Dine Brands Global, Inc. • Retail-eating places • New York
Applebee’s Funding LLC (the “Applebee’s Issuer”) and IHOP Funding LLC (the “IHOP Issuer” and, together with the Applebee’s Issuer, the “Co-Issuers”), each a special purpose Delaware limited liability company and each an indirect, wholly-owned Subsidiary of Dine Brands Global, Inc., a Delaware corporation (the “Manager”), proposes, upon the terms and conditions stated herein, to issue and sell to the sole initial purchaser named in Schedule I hereto (the “Initial Purchaser”), a series of fixed rate senior secured notes, the 7.824% Series 2023-1 Class A-2 Notes (the “Offered Notes”) in an aggregate principal amount of $500,000,000, pursuant to the Base Indenture and the Series 2023-1 Supplement thereto (each as defined below).
