El Pollo Loco Files Plans for $100M IPOTuesday, June 24, 2014
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.