Ormat Technologies: Consent Solicitation of Ormat Funding
RENO, Nev. - Ormat Funding Corp. (the "Company"), a wholly owned subsidiary of Ormat Technologies, Inc. (ORA), declared the Expiration and Effective Date of the consent solicitation launched on December 3, 2012 relating to its 81/4% Senior Secured Notes due December 30, 2020 (CUSIP Number: 686685AB4) (the "Consent Solicitation"). Holders of more than 66% of the aggregate principal amount of outstanding Notes have delivered and not revoked their valid consents. The consent and waivers granted pursuant thereto are no longer revocable, effective at 5:00 p.m. New York time, on December 7, 2012.
Barclays Capital Inc. acted as the Solicitation Agent for the Consent Solicitation. Union Bank, N.A., served as the Tabulation and Information Agent for the Consent Solicitation.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any solicitation of consent in any state in which such solicitation or the acceptance thereof would be unlawful.
Ormat Funding Corp.