Ormat solicits consents for 8¼% notes

New York, April 17 - Ormat Funding Corp. said it has begun a consent solicitation for its 8¼% senior secured notes due Dec. 30, 2020.

The Reno, Nev.-based subsidiary of geothermal energy company Ormat Technologies, Inc. is seeking to amend and/or waive some of the public reporting and information requirements in the note indenture.

Holders of more than 47% of the notes have already agreed to deliver consents. Ormat needs consents from holders of at least 51% of the notes to make the change.

The solicitation ends at 5 p.m. ET on April 26.

Lehman Brothers Inc. is the solicitation agent for the consent solicitation (800 438-3242 or 212 528-7581). Union Bank of California, NA is the tabulation and information agent (775 823-5400 or 775 356-9029).

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