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Prospect News home > News index > List of issuers E > Headlines for El Pollo Loco, Inc. > News item |
El Pollo Loco to start roadshow Monday for $110 million six-year deal
By Paul A. Harris
St. Louis, Dec. 4 - El Pollo Loco Inc. will start a roadshow Monday for a $110 million offering of six-year senior secured notes (B2), according to a market source. Pricing is expected on Dec. 18.
Jefferies & Co. is the bookrunner on the Rule 144A deal.
The notes, which mature in 2009, will be non-callable for three years.
El Pollo Loco plans to use proceeds from the notes to refinance the company's existing bank loan and to pay a $70 million dividend to the equity owners.
The company is a Los Angeles-based restaurant chain.
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