News

El Pollo Loco completes refinancing effort

July 20, 2011

El Pollo Loco Inc. and its parent company, EPL Intermediate Inc., have completed its previously announced refinancing agreement. The company refinanced its publicly traded bonds with secured private debt and an investment of additional capital from existing equity sponsors.

"This transaction was important for El Pollo Loco to fully execute its long-term business plan, which includes a new platform of integrated marketing and crave-able new menu items that complement our signature flame-grilled chicken, a continued focus on operational excellence and a system-wide restaurant redesign and remodel program. The refinancing facilitates our management team's ability to grow the El Pollo Loco system of company and franchise restaurants," said Sam Borgese, executive chairman of the Board of Directors of El Pollo Loco Inc.

El Pollo Loco Inc. is privately held and headquartered in Costa Mesa, Calif. It includes more than 400 restaurants in nine states.