Ormat unit declares expiration of previously announced consent solicitation

theflyonthewall.com

Ormat Funding Corp., a wholly owned subsidiary of Ormat Technologies (ORA), declared the expiration and effective date of the consent solicitation launched on December 3 relating to its 81/4% Senior Secured Notes due December 30, 2020. 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.

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