El Pollo Loco plans to pay off loan

Addressing reports of predicted loan default, the El Pollo Loco grilled chicken chain said Wednesday a new equity infusion from its parent company will enable it to pay in full a $10.6 million principal payment due in May.

A recent Bloomberg News report citing Standard & Poor’s said the Costa Mesa, Calif.-based El Pollo Loco was in danger of defaulting on an $11 million principal payment in May and a $14 million interest payment in June. As a result, Standard & Poor&rsquo

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