El Pollo Loco Holdings, Inc. Prices Its Initial Public Offering
July 24 2014 - 6:43PM
El Pollo Loco Holdings, Inc. ("El Pollo Loco") (Nasdaq:LOCO) today
announced the pricing of its initial public offering of 7,142,857
shares of common stock at a price to the public of $15.00 per
share. All of the shares in the offering are being offered by El
Pollo Loco. In addition, El Pollo Loco has granted the underwriters
a 30-day option to purchase up to an additional 1,071,429 shares.
The shares are expected to begin trading on July 25, 2014 on
the NASDAQ Global Select Market under the ticker symbol
"LOCO". The closing of the offering is expected to occur on
July 30, 2014, subject to the satisfaction of customary closing
conditions.
Jefferies, Morgan Stanley and Baird are acting as joint
book-running managers in the proposed offering. William Blair and
Stifel are acting as co-managers in the proposed offering.
The offer is being made only by means of a
prospectus. Copies of the prospectus may be obtained from:
Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, by emailing
Prospectus_Department@Jefferies.com, or by calling (877) 547-6340;
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, NY 10014, Attention: Prospectus Department, or Robert W.
Baird & Co. Incorporated, Attention: Syndicate Department, 777
E. Wisconsin Avenue, Milwaukee, WI 53202, by emailing
syndicate@rwbaird.com or by calling (800) 792-2473.
A registration statement relating to the offered shares of
common stock of El Pollo Loco was declared effective by the
Securities and Exchange Commission on July 24, 2014. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor may there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About El Pollo Loco
El Pollo Loco is a differentiated and growing restaurant concept
that specializes in fire-grilling citrus-marinated chicken in front
of its customers. El Pollo Loco opened its first location on
Alvarado Street in Los Angeles, California, in 1980 and has grown
to more than 400 company-owned and franchised restaurants in
Arizona, California, Nevada, Texas and Utah. The Company's
distinctive menu features its signature product – citrus-marinated
fire-grilled chicken – and a variety of Mexican-inspired entrees
that the Company and its franchisees create from that chicken.
CONTACT: Investor Contact:
Fitzhugh Taylor, ICR
(714) 599-5200
investors@elpolloloco.com
Media Contact:
Liz DiTrapano, ICR
(646) 277-1226
liz.ditrapano@icrinc.com
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