El Pollo Loco repurchases 2.5M shares from largest holder Freeman Spogli for $26.6M

El Pollo Loco Holdings, Inc.

Repurchased 2.5M shares at $10.63 each, total $26,575,000, closing August 8, 2023.
Sellers are FS Equity Partners V and FS Affiliates V; John Roth, a director, is a general partner at Freeman Spogli.
Sellers agreed to a 30-day lockup on remaining shares owned or controlled.
Company funded repurchase with available cash; no new debt issued.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

El Pollo Loco Holdings, Inc. entered into Stock Repurchase Agreement with FS Equity Partners V, L.P. and FS Affiliates V, L.P. valued at $26,575,000 (effective 2023-08-07).

Action: entry
Agreement: equity purchase
Counterparty: FS Equity Partners V, L.P. and FS Affiliates V, L.P.
Value: $26,575,000
Effective: 2023-08-07

Exact text from the filing

On August 7, 2023, El Pollo Loco Holdings, Inc., a Delaware corporation (the “Company”), entered into a Stock Repurchase Agreement (the “Repurchase Agreement”) with FS Equity Partners V, L.P. and FS Affiliates V, L.P. (together, the “Sellers”), pursuant to which the Company agreed to purchase an aggregate of 2,500,000 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), from the Sellers at a price of $10.63 per share, representing the closing price of such shares as listed on Nasdaq on August 7, 2023, for a total purchase price of $26,575,000 (the “repurchase”).

View on SEC.gov

Browse all material agreements →

El Pollo Loco Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001606366-23-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.