El Pollo Loco Begins Proposed Follow-On Offering Of Common Stock - Quick Facts

(RTTNews) - El Pollo Loco Holdings, Inc. (LOCO) said it has commenced a proposed public follow-on offering of its common stock. In the offering, certain of the company's stockholders plan to offer 6 million shares of the company for sale. Further, certain of the company's stockholders plan to grant the underwriters the option to buy up to 0.9 million additional shares of the company's common stock.

Jefferies and Morgan Stanley, the lead book-running managers in the company's recent initial public offering, are waiving a lock-up restriction with respect to shares of the company's common stock held by certain of the selling stockholders in the offering, including certain directors and officers of the company. The waiver would take effect on November 19, 2014, and the shares may be sold on or after such date. The firm would not receive any proceeds from the sale of shares by the selling stockholders.

Jefferies and Morgan Stanley are acting as active joint book-running managers for the Offering. Baird and William Blair are also acting as joint book-running managers for the Offering. Stifel is acting as co-manager for the offering.