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Published on 12/4/2003 in the Prospect News High Yield Daily.

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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