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El Pollo Loco buys back some 2013 notes
By Devika Patel
Knoxville, Tenn., Aug. 11 - EPL Intermediate Inc., the holding company for El Pollo Loco Inc., announced in a 10-Q filed Monday with the Securities and Exchange Commission that, on June 25, it repurchased a portion of its $121.96 million in outstanding 2013 notes with $2 million in cash from operations.
The notes were bought back "at a price that approximated their accreted value," the company said in the filing.
El Pollo Loco is an Irvine, Calif.-based company that operates a quick service chicken restaurant chain, predominantly in the Los Angeles area.
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