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Prospect News home > News index > List of issuers E > Headlines for El Pollo Loco, Inc. > News item |
El Pollo Loco $40 million discount notes price talk 12% area, to price Friday
By Paul A. Harris
St. Louis, March 25 - Price talk is in the area of 12% for El Pollo Loco/EPL Intermediate Inc.'s approximately $40 million proceeds of zero coupon for life senior discount notes (Caa1/CCC+) due 2010, according to an informed source.
The deal is expected to price on Friday.
Jefferies & Co. is the bookrunner on the Rule 144A offering.
The notes will come with three years of call protection.
Proceeds will be used to fund a dividend payment to stockholders.
The issuer is an Irvine, Calif., quick service restaurant chain operating predominantly in the Los Angeles area.
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