Preheat oven to 350° Fahrenheit. Line a 9x5" bread pan with parchment paper and spray with nonstick spray.
In a small bowl mix brown sugar, cinnamon and nutmeg. 3/4 cup brown sugar, 1 ½ teaspoons cinnamon, 1/4 teaspoon nutmeg
Carefully peel the layers to divide each biscuit in half. You should end up with 16 thinner biscuit layers. 1 can refrigerated biscuits
Brush butter onto one side of biscuit, then spread a tablespoon of sugar over biscuit. Spread apple pieces over sugar. Place some caramel bits with the apples. 3 tablespoons salted butter1 large apple2/3 cup caramel bits
Put the loaded biscuit half on top of another loaded biscuit. Carefully place the two biscuits into the loaf pan. Turn the pan to stand on its end so that they don't fall. Repeat with each biscuit, placing the biscuits in the pan until the pan is full. You may need to push them tight together in the pan.
Drizzle any remaining butter over top of the biscuits. Sprinkle any remaining sugar, apple pieces or caramel bits around the top.
Bake for 45 minutes or until the bread is golden brown and cooked through. Let the bread cool for 10 minutes in the pan. Remove from pan onto a wire rack to finish cooling.
In a small bowl, whisk the powdered sugar, vanilla and two tablespoons heavy cream. Whisk well. Add more cream until it is the correct drizzling consistency. Spoon icing across the top. Serve warm. 1/2 cup powdered sugar, 1 teaspoon vanilla extract, 1-3 tablespoons heavy cream
Notes
Store any leftovers in an airtight container at room temperature.
The calories shown are based on the loaf being cut into 12 pieces, with 1 serving being 1/12 of the bread. Since different brands of ingredients have different nutritional information, the calories shown are just an estimate. **We are not dietitians and recommend you seek a nutritionist for exact nutritional information.**