IHOP Corp. said it plans to borrow about $200 million in private securitization to repay the company’s existing debt and repurchase the company’s stock shares. Glendale-based IHOP said it plans $175 million in medium term notes and $25 million in revolving credit facility. The company also authorized a 2 million share increase in its share buyback program. Since January 2003, IHOP has repurchased about 4.7 million shares of its stock.
