Latest news with #IHOP
Yahoo
3 days ago
- General
- Yahoo
Everett rideshare driver recovers after brutal knife attack
A rideshare driver is recovering after a brutal knife attack in Everett. 'He never had a fear of actually getting stabbed or assaulted in any way shape or form,' said his son. 'He really wanted some pancakes that night and so he likes IHOP's pancakes.' Yuriy's son – who asked to remain anonymous – says his dad, after eating, was in the parking lot getting ready to pick up passengers at Paine Field nearby when someone came up from behind and grabbed him. 'First he thought it was just a friend that you know pulled up behind him and it was just giving him a bear hug, just trying to play a prank on him, and then he heard the guy say 'you're dead, you're dead, you're dead' and started slicing him,' said Yuriy's son. He says his father was cut multiple times in the neck and head. Yuriy tried fighting back — but was losing a lot of blood. Witnesses at the IHOP called 911. When police showed up, the attacker took off in Yuriy's SUV. Yuriy's son was asked if they had any idea what may have provoked this. 'Nobody knows,' he answered. Officers quickly tracked down and arrested the suspect near Costco in Lynnwood. After a few days in the hospital, Yuriy is still recovering. His son credits the police with saving his dad's life, adding, 'The first one on scene was the one that stayed with my dad and he was the one that saved his life, stopped the bleeding, and he was there at the hospital when I showed up and I got to shake his hand and say thank you.'
Business Wire
27-05-2025
- Business
- Business Wire
Dine Brands Global, Inc. Announces Intention to Refinance Its Series 2019-1 Class A-2-II Fixed Rate Senior Secured Notes and Its Series 2022-1 Class A-1 Variable Funding Senior Notes Through a Securitization
PASADENA, Calif.--(BUSINESS WIRE)--Dine Brands Global, Inc. (NYSE: DIN) ('Dine Brands' or the 'Corporation'), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® restaurants and Fuzzy's Taco Shop®, today announced its intention to refinance its Series 2019-1 Class A-2-II, Fixed Rate Senior Secured Notes (the '2019-1 Refinancing Notes') and to refinance its Series 2022-1 Class A-1, Variable Funding Senior Notes (the '2022-1 Refinancing Notes', together with the 2019-1 Refinancing Notes, the 'Existing Notes'). The Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes are not proposed to be refinanced at this time. As of March 31, 2025, the principal balance of the 2019-1 Refinancing Notes was approximately $594 million and the remaining availability of the 2022-1 Refinancing Notes (which have a maximum outstanding principal amount of $325 million) was $224 million, with $100 million used for outstanding loan borrowings and $1 million pledged against the 2022-1 Refinancing Notes for outstanding letters of credit. As of March 31, 2025, there was $500 million outstanding under the Series 2023-1 Class A-2, Fixed Rate Senior Secured Notes. Dine Brands intends to replace the Existing Notes with a new securitized financing facility. The net proceeds of the sale of the notes in connection with the new securitized financing facility would be used for repayment of the Existing Notes, transaction costs associated with the refinancing and general corporate purposes. There can be no assurance regarding the timing of a refinancing transaction, the interest rate at which the Existing Notes would be refinanced, or that a refinancing transaction will be completed. The New Notes are being sold to qualified institutional buyers in the United States in accordance with Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and to persons outside the United States in accordance with Regulation S under the Securities Act. The New Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable securities laws of any state or other jurisdiction. This press release does not constitute an offer to sell or the solicitation of an offer to buy the New Notes or any other security, nor shall there be any offer, solicitation or sale of the New Notes or any other security in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. About Dine Brands Global, Inc. Based in Pasadena, California, Dine Brands Global, Inc. (NYSE: DIN) ('Dine Brands'), through its subsidiaries, franchises restaurants under both the Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy's Taco Shop® brands. As of March 31, 2025, these three brands consisted of over 3,500 restaurants across 19 international markets. Dine Brands is one of the largest full-service restaurant companies in the world and in 2022 expanded into the Fast Casual segment. For more information on Dine Brands, visit the Company's website located at Forward-Looking Statements Statements contained in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by words such as 'may,' 'will,' 'would,' 'should,' 'could,' 'expect,' 'anticipate,' 'believe,' 'estimate,' 'intend,' 'plan,' 'goal' and other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those expressed or implied in such statements. These factors include, among other things: general economic conditions, including the impact of inflation, particularly as it may impact our franchisees directly; our level of indebtedness; compliance with the terms of our securitized debt; our ability to refinance our current indebtedness or obtain additional financing; our dependence on information technology; potential cyber incidents; the implementation of corporate strategies, including restaurant development plans; our dependence on our franchisees; the concentration of our Applebee's franchised restaurants in a limited number of franchisees; the financial health of our franchisees, including any insolvency or bankruptcy; credit risks from our IHOP franchisees operating under our previous IHOP business model in which we built and equipped IHOP restaurants and then franchised them to franchisees; insufficient insurance coverage to cover potential risks associated with the ownership and operation of restaurants; our franchisees' and other licensees' compliance with our quality standards and trademark usage; general risks associated with the restaurant industry; potential harm to our brands' reputation; risks of food-borne illness or food tampering; possible future impairment charges; trading volatility and fluctuations in the price of our stock; our ability to achieve the financial guidance we provide to investors; successful implementation of our business strategy; the availability of suitable locations for new restaurants; shortages or interruptions in the supply or delivery of products from third parties or availability of utilities; the management and forecasting of appropriate inventory levels; development and implementation of innovative marketing and use of social media; changing health or dietary preference of consumers; changes in U.S. government regulations and trade policies, including the imposition of tariffs and other trade barriers; risks associated with doing business in international markets; the results of litigation and other legal proceedings; third-party claims with respect to intellectual property assets; delivery initiatives and use of third-party delivery vendors; our allocation of human capital and our ability to attract and retain management and other key employees; compliance with federal, state and local governmental regulations; risks associated with our self-insurance; risks of major natural disasters, including earthquake, wildfire, tornado, flood or a man-made disaster, including terrorism, civil unrest or a cyber incident; risks of volatile and adverse weather conditions as a result of climate change; pandemics, epidemics or other serious incidents; our success with development initiatives outside of our core business; the adequacy of our internal controls over financial reporting and future changes in accounting standards; changes in tax laws; failure to meet investor and stakeholder expectations regarding business responsibility matters; and other factors discussed from time to time in the Corporation's Annual and Quarterly Reports on Forms 10-K and 10-Q and in the Corporation's other filings with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date hereof and the Corporation does not intend to, nor does it assume any obligation to, update or supplement any forward-looking statements after the date hereof to reflect actual results or future events or circumstances. FBN-R
Yahoo
27-05-2025
- Climate
- Yahoo
Bellevue intersection reopens after water main break, but rough road conditions remain
A major water main break forced the closure of a key intersection in Bellevue for much of Monday, impacting traffic, public transportation, and nearby businesses, according to city officials. Crews closed 148th Avenue Northeast between Northeast 20th Street and Bel-Red Road early Monday after water began gushing from underground pipes, raising concerns about road damage and structural stability. The break caused pavement buckling in some areas, prompting a full closure of the intersection. Nearby businesses, including an IHOP and a Fred Meyer store, told KIRO 7 they were forced to temporarily close or turn customers away due to the lack of water service. Utilities crews spent the day locating the source of the break and making repairs while Redmond and Bellevue fire and police departments responded to assist with traffic and public safety. All lanes of the intersection were closed throughout the day, and King County Metro adjusted routes to accommodate the disruption. City officials announced late Monday that repairs were completed and water service was fully restored to affected businesses. The road reopened in all directions in time for the Tuesday morning commute, but city crews warned drivers to expect rough pavement and ongoing construction. Temporary warning signs have been posted at the intersection to alert drivers to the uneven and bumpy road surface. Officials say permanent road repairs will take place over the next few weeks and urged drivers to use caution while traveling through the area. The cause of the water main break has not yet been determined.
Yahoo
26-05-2025
- Business
- Yahoo
Editorial: Gas is cheaper this Memorial Day. So why does your wallet still feel lighter?
You pull into the gas station, surprised to see a $3.49 pump price staring back at you. That's cheaper than last summer. So why doesn't it feel like a win? Maybe because inside the grocery store, the steak for your Memorial Day cookout costs $16, and it wasn't even a pricey cut. And the soda aisle? A 12-pack costs $9. So the tank might be full, but the wallet still feels empty. Memorial Day is synonymous with cookouts and time spent outside — or in the garage, if you're a Chicago suburbanite. This weekend is our bridge to summer. For a long time, the big decision for Memorial Day was whether to stay home or hit the road to take advantage of the extra day off. The open road still calls Americans; AAA anticipates 39.4 million drivers will have traveled by car across the U.S. this holiday weekend and more will plan to travel in coming weeks as the kids gets out of school. Gas may be down, but AAA shows domestic flights today are 2% pricier versus 2024, when they hardly were cheap. So with prices rising across the board, many families now have to weigh whether travel is worth the squeeze. Many of us will have chosen a nice Monday gathering with friends and family. But sirloin steak is up 13% this year. Hosting a group of eight might cost you $30 more than it did last May. Add soda, chips, and burgers, and your backyard barbecue is suddenly flirting with triple digits — and that's before dessert. Restaurant dining on a road trip isn't cheap, either. Eating out costs are up 3.9%, and while the spike has come down from its peak, diners still notice a hefty increase on their bills. At some restaurants, the price spike is even more obvious. Take IHOP, once a reliable budget option: A milkshake now costs $7.99, up from $3.99 five years ago. The Two x Two x Two meal? It jumped from $5.49 in 2020 to $12.59 today, according to FinanceBuzz. And that's just the food. We don't make decisions about travel in isolation, we consider our ability to afford a trip. Other unavoidable costs —such as child care, which rose about 6% last year, and car insurance, up more than 20% — are taking even bigger bites out of household budgets and making it harder to justify expensive travel plans. It's not just higher prices — it's weaker buying power. Wages lagged inflation in 2021 and 2022, meaning people earned more but could afford less. Only recently have paychecks begun to stabilize. According to government data, the average worker's pay in April 2024 was about 4% higher than it was a year earlier. But once you factor in inflation, that boost disappears. In 2021 and 2022, prices rose so fast that paychecks couldn't keep up, meaning people could actually buy less even if they were earning more. Lately, because inflation has slowed, take-home pay is holding steady or rising slightly — but most people still haven't fully caught up. Until real wages consistently outpace inflation — and the cost of essentials stabilizes — it will continue to feel like 'everything's more expensive' even if paychecks are technically bigger. This helps explain why people are eating out less and cutting back on nonessentials. A recent KPMG survey found that nearly 4 in 10 consumers reported a decline in household income (double last year's finding) and 70% of respondents said they believe a recession is likely soon. Overall, the survey showed people plan to spend about 7% less on restaurants this summer, looking for ways to cut back costs. Still, KPMG's analysis shows Americans are still planning to travel this summer — and at an even higher clip than last year. That's the good news, and maybe it means that while we're tightening our belts at the moment, we're all hopeful that things won't stay this way forever. We've likely seen the peak of inflation. But not the peak of pain. Until wages rise faster than prices — and stay ahead — Americans won't feel like they're getting anywhere. This summer may be cheaper at the pump, but economic pressure still rides shotgun. Submit a letter, of no more than 400 words, to the editor here or email letters@
Chicago Tribune
26-05-2025
- Business
- Chicago Tribune
Editorial: Gas is cheaper this Memorial Day. So why does your wallet still feel lighter?
You pull into the gas station, surprised to see a $3.49 pump price staring back at you. That's cheaper than last summer. So why doesn't it feel like a win? Maybe because inside the grocery store, the steak for your Memorial Day cookout costs $16, and it wasn't even a pricey cut. And the soda aisle? A 12-pack costs $9. So the tank might be full, but the wallet still feels empty. Memorial Day is synonymous with cookouts and time spent outside — or in the garage, if you're a Chicago suburbanite. This weekend is our bridge to summer. For a long time, the big decision for Memorial Day was whether to stay home or hit the road to take advantage of the extra day off. The open road still calls Americans; AAA anticipates 39.4 million drivers will have traveled by car across the U.S. this holiday weekend and more will plan to travel in coming weeks as the kids gets out of school. Gas may be down, but AAA shows domestic flights today are 2% pricier versus 2024, when they hardly were cheap. So with prices rising across the board, many families now have to weigh whether travel is worth the squeeze. Many of us will have chosen a nice Monday gathering with friends and family. But sirloin steak is up 13% this year. Hosting a group of eight might cost you $30 more than it did last May. Add soda, chips, and burgers, and your backyard barbecue is suddenly flirting with triple digits — and that's before dessert. Restaurant dining on a road trip isn't cheap, either. Eating out costs are up 3.9%, and while the spike has come down from its peak, diners still notice a hefty increase on their bills. At some restaurants, the price spike is even more obvious. Take IHOP, once a reliable budget option: A milkshake now costs $7.99, up from $3.99 five years ago. The Two x Two x Two meal? It jumped from $5.49 in 2020 to $12.59 today, according to FinanceBuzz. And that's just the food. We don't make decisions about travel in isolation, we consider our ability to afford a trip. Other unavoidable costs —such as child care, which rose about 6% last year, and car insurance, up more than 20% — are taking even bigger bites out of household budgets and making it harder to justify expensive travel plans. It's not just higher prices — it's weaker buying power. Wages lagged inflation in 2021 and 2022, meaning people earned more but could afford less. Only recently have paychecks begun to stabilize. According to government data, the average worker's pay in April 2024 was about 4% higher than it was a year earlier. But once you factor in inflation, that boost disappears. In 2021 and 2022, prices rose so fast that paychecks couldn't keep up, meaning people could actually buy less even if they were earning more. Lately, because inflation has slowed, take-home pay is holding steady or rising slightly — but most people still haven't fully caught up. Until real wages consistently outpace inflation — and the cost of essentials stabilizes — it will continue to feel like 'everything's more expensive' even if paychecks are technically bigger. This helps explain why people are eating out less and cutting back on nonessentials. A recent KPMG survey found that nearly 4 in 10 consumers reported a decline in household income (double last year's finding) and 70% of respondents said they believe a recession is likely soon. Overall, the survey showed people plan to spend about 7% less on restaurants this summer, looking for ways to cut back costs. Still, KPMG's analysis shows Americans are still planning to travel this summer — and at an even higher clip than last year. That's the good news, and maybe it means that while we're tightening our belts at the moment, we're all hopeful that things won't stay this way forever. We've likely seen the peak of inflation. But not the peak of pain. Until wages rise faster than prices — and stay ahead — Americans won't feel like they're getting anywhere. This summer may be cheaper at the pump, but economic pressure still rides shotgun.
