El Pollo Loco to redeem $1.39 million notes from two series on Aug. 29

By Toni Weeks

San Diego, July 21 - El Pollo Loco, Inc. has issued a call to fully redeem its $391,737.50 of 11¾% senior secured notes due Dec. 1, 2012 and its $1,003,000 of 11¾% senior unsecured notes due Nov. 15, 2013, according to an announcement.

The notes will be redeemed on Aug. 29. The redemption price for the 2012 notes is 105.875, and the redemption price for the 2013 notes is par. El Pollo Loco will also pay accrued interest up to the redemption date.

Bank of New York Mellon Trust Co., N.A. is the paying agent.

El Pollo Loco, based in Costa Mesa, Calif., operates more than 400 restaurants in 10 states.

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