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El Pollo Loco Files Plans for $100M IPO

Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. has filed plans for a $100 million initial public offering.

The company plans to list its stock on the Nasdaq Global Select Market under the ticker “LOCO.”

Proceeds from the IPO will be used to repay debt, according to the company’s registration statement with the Securities and Exchange Commission.

El Pollo Loco is owned by private equity firms Trimaran Capital Partners in New York and Los Angeles-based Freeman Spogli & Co.

El Pollo Loco has more than 400 restaurants and has spent the last few years retooling store operations and its executive team under Chief Executive Steve Sather.

The company had systemwide sales of $657.6 million last year.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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