Dec. 20, 2012
/PRNewswire/ -- OrCal Geothermal Inc. (the "Company"), a wholly owned subsidiary of Ormat Technologies, Inc. (NYSE: ORA), announced today that it has extended the expiration date of its previously announced consent solicitation, launched on
December 3, 2012
, relating to its 6.21% Senior Secured Notes due
December 30, 2020
(CUSIP Number: 68557DAA3) (the "Notes").
The consent solicitation will now expire at
December 21, 2012
, unless further extended by the Company.
Except as set forth herein, the consent solicitation is made upon the same terms and subject to the same conditions as set forth in the Consent Solicitation Statement dated
December 3, 2012
, which has been sent to all holders of the Notes. All holders of the Notes who have previously delivered a consent do not need to redeliver such consents or take any other action.
The consent solicitation is being conducted in order to waive certain provisions in the indenture governing the Notes. Receipt of valid and not revoked written consents from holders of at least 66 2/3% of the aggregate principal amount of outstanding Notes will constitute acceptance of the consent solicitation whereupon the consent and the waivers granted pursuant thereto shall be effective and consents shall no longer be revocable, all as more fully described in the Consent Solicitation Statement. Holders of the Notes may withdraw their consent at any time prior to the date on which consents have been delivered and not validly revoked by holders of at least 66 2/3% of the aggregate principal amount of the outstanding Notes.
The Company has retained Barclays Capital Inc. as the Solicitation Agent for the consent solicitation. Union Bank, N.A., is the Tabulation and Information Agent for the consent solicitation. Questions regarding the consent solicitation may be directed to the Liability Management Group at Barclays Capital Inc. at 800-438-3242 (toll-free) or 212-528-7581 (collect). Requests for copies of the consent solicitation documents may be directed to the Tabulation and Information Agent at 415-273-2518 or the Company at 775-771-6801.