Cogentrix gets consents for 8¾% notes, now guaranteed by Goldman

New York, Aug. 2 - Cogentrix Energy Inc. said it successfully completed its consent solicitation for its 8¾% senior notes due 2008 and as a result the notes are now guaranteed by its ultimate parent, The Goldman Sachs Group Inc.

Consents were obtained from holders of $343.766 million principal amount of the notes, but following the execution of the third supplemental indenture the guarantee applies to all the outstanding notes.

The consent solicitation was announced on July 21 and expired on July 30.

Cogentrix is a Charlotte, N.C., owner and operator of independent power and cogeneration assets.

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