El Pollo Loco Intends to Pay in Full the Mandatory Principal Redemption Amount of Its 14½% Senior Discount Notes

COSTA MESA, Calif.--(BUSINESS WIRE)--EPL Intermediate, Inc. (the “Company”), the parent company of El Pollo Loco, Inc., announced today that it intends to pay in full the Mandatory Principal Redemption Amount of its 14½% Senior Discount Notes (the “Notes”) due on May 15, 2011.

Funds to pay the Mandatory Principal Redemption Amount will be provided through an equity infusion from Chicken Acquisition Corp., the ultimate parent of the Company.

Commenting on the upcoming redemption, El Pollo Loco President and Chief Executive Officer Steve Sather said, “As the economy continues to show signs of recovery and our business stabilizes, we are energized by the momentum underway as we align our entire system around a brand revitalization platform that is focused on quality, service and cleanliness; crave-able menu items anchored by our signature flame-grilled chicken; compelling advertising; and a system-wide restaurant redesign and remodel program.”

El Pollo Loco, Inc., a privately held company headquartered in Costa Mesa, California, currently operates more than 400 restaurants in 10 states: California, Arizona, Nevada, Texas, Oregon, Utah, Colorado, Illinois, Georgia and Connecticut. For more information, visit El Pollo Loco’s website at www.elpolloloco.com.