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APPLEBEE'S INCREASES FRANCHISEE FINANCING POOL TO $75 MILLION

 APPLEBEE'S INCREASES FRANCHISEE FINANCING POOL TO $75 MILLION
 KANSAS CITY, MO., Oct. 15 /PRNewswire/ -- Applebee's International, Inc., (NASDAQ: APPB) announced today at its annual franchise convention in Naples, Fla. that it has amended its agreement with Bell Atlantic TriCon Leasing Corporation of Paramus, N.J. to increase the size of its franchisee financing pool to $75 million from the $25 million originally established in June of 1992. The greater portion of the pool's initial funding capacity has now been earmarked for qualified franchisees to develop Applebee's restaurants. The additional $50 million of funding capacity will be available to qualified franchisees for use in the continued expansion of the Applebee's system nationwide.
 Abe J. Gustin, chairman and CEO of Applebee's International said, "The addition of another $50 million of financing for our franchisees is a strong indication of the tremendous support we are now getting from Bell Atlantic TriCon and the financial community in the national expansion of the Applebee's casual dining concept. This new pool of funds, which is available through mid-1994, should enable our franchisees to fund the development of approximately 40-60 new franchised restaurants. The new pool of funds, in addition to the financing offered to our franchisees by 16 other lenders, should go a long way toward supporting our system growth."
 William McKinney, senior vice president of Bell Atlantic TriCon, added, "We are very encouraged with the strong franchisee response to the initial $25 million financing pool and are pleased to play a role in the future growth of the Applebee's system by increasing the facility to $75 million."
 Under the agreement with Bell Atlantic, Applebee's International, Inc. will have a limited recourse obligation with a potential maximum exposure of up to 10 percent of amounts loaned under the $75 million facility, declining to zero over a period of years.
 Applebee's International, Inc., headquartered in Kansas City, Mo., develops, franchises and operates a rapidly expanding national chain of restaurants under the trademark Applebee's Neighborhood Grill and Bar. As of the date of this release, there are 231 Applebee's restaurants operating in 32 states.
 -0- 10/15/92
 /CONTACT: Jack Falker of Swenson Falker Eilertsen, 612-371-0000, for Applebee's International; or George Shadid of Applebee's International, 816-421-2501/
 (APPB) CO: Applebee's International, Inc. ST: Missouri IN: LEI SU:


AL -- MN019 -- 0506 10/15/92 14:13 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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