Wednesday, June 12, 2024

El Pollo Loco Holdings announces $12.6M repurchase agreement

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COSTA MESA, Calif. — El Pollo Loco Holdings Inc. has announced that it has entered into a Stock Repurchase Agreement with FS Equity Partners V, L.P. and FS Affiliates V, L.P. to purchase an aggregate of 1,500,000 shares of the company’s common stock at a price of $8.40 for a total purchase price of $12.6 million.

The repurchase was completed on Dec. 4, 2023. In addition, as part of the agreement, the sellers have agreed to refrain from selling any of the remaining common stock owned or controlled by the sellers for a period. . .

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