secwatch.observer — SEC 8-K summary
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Issuer:     El Pollo Loco Holdings, Inc. (LOCO)
CIK:        0001606366
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001558370-22-011677
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

El Pollo Loco enters new $150M revolving credit facility, refinances 2018 facility
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- New $150M senior secured revolver matures July 27, 2027; sublimits of $15M for letters of credit and swingline loans.
- Proceeds used to repay and terminate 2018 revolver; $20M drawn as of Aug 4, 2022.
- Interest at Term SOFR or base rate plus margin (1.25%-2.25% for SOFR, 0.25%-1.25% for base rate) per leverage grid.
- Obligations guaranteed by El Pollo Loco Holdings and Intermediate; secured by substantially all assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606366/000155837022011677/0001558370-22-011677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606366/000155837022011677/loco-20220802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011677

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