8-K re Termination of Indenture



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

______________________
FORM 8-K
______________________
  
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): October 30, 2014
____________________________
DineEquity, Inc.
(Exact Name of Registrant as Specified in Charter)
____________________________
Delaware
001-15283
95-3038279
(State or other jurisdiction
of incorporation or organization)

(Commission File No.)
(I.R.S. Employer
Identification No.)
450 North Brand Boulevard, Glendale, California
 
91203-2306
(Address of principal executive offices)
 
(Zip Code)
 
(818) 240-6055
(Registrant’s telephone number, including area code)
______________________
  
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 






Item 1.02    Termination of Material Definitive Agreement.

October 19, 2010 Indenture for 9.5% Senior Notes due 2018

On October 30, 2014, DineEquity, Inc. (the “Corporation”) repaid the entire outstanding principal amount of the Corporation’s 9.5% senior notes issued pursuant to an indenture (the “Indenture”), dated October 19, 2010, among the Corporation, the Guarantor parties thereto and Wells Fargo Bank, National Association as trustee. On September 30, 2014, the trustee provided a notice of redemption to the holders of the notes and the Corporation irrevocably deposited in trust with the trustee funds sufficient to repay all amounts owed to the note holders as of the October 30, 2014 redemption date. These amounts included approximately $761 million in outstanding principal, approximately $36 million in accrued interest and a make-whole premium required for early repayment of the senior notes of approximately $36 million. The Corporation’s obligations under the Indenture terminated upon repayment.

The notes issued pursuant to the Indenture were repaid from proceeds received from the Corporation’s previously disclosed securitization refinancing transaction pursuant to which the Corporation issued $1.3 billion of Series 2014-1, Class A-2 Fixed Rate Senior Secured Notes. The Corporation has other business relationships with Wells Fargo Bank, National Association including the provision of certain banking services by Wells Fargo Bank to the Corporation.






 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
Date: October 31, 2014
DINEEQUITY, INC.
 
 
 
 
 
By:
/s/ Thomas W. Emrey
 
 
 
 
Thomas W. Emrey
Chief Financial Officer