El Pollo Loco, Inc. and EPL Intermediate, Inc. Announce Completion of Refinancing
COSTA MESA, Calif.--(BUSINESS WIRE)-- El Pollo Loco, Inc. and its parent company, EPL Intermediate, Inc. (collectively "El Pollo Loco" or the "Company"), confirmed the completion of its previously announced refinancing. The Company refinanced its publicly traded bonds with secured private debt and an investment of additional capital from its existing equity sponsors.
Commenting on the Company's successful completion of its refinancing, Sam Borgese, Executive Chairman of the Board of Directors of El Pollo Loco, Inc., said, "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."
El Pollo Loco, Inc., a privately held company headquartered in Costa Mesa, California, currently operates more than 400 restaurants in nine states: Arizona, California, Connecticut, Georgia, Illinois, Nevada, Oregon, Texas and Utah. For more information, visit El Pollo Loco's website at www.elpolloloco.com.