OrCal Geothermal Inc. Declares the Expiration and Effective Date of its
Previously Announced Consent Solicitation
Relating to the 6.21% Senior Secured Notes due December 30, 2020
CUSIP No: 68557DAA3
RENO, Nev., Dec. 21, 2012
RENO, Nev., Dec. 21, 2012 /PRNewswire/ --OrCal Geothermal Inc. (the
"Company"), a wholly owned subsidiary of Ormat Technologies, Inc. (NYSE: ORA),
declared the Expiration and Effective Date of the consent solicitation,
launched on December 3, 2012 (the "Consent Solicitation"), relating to its
6.21% Senior Secured Notes due December 30, 2020 (CUSIP Number: 68557DAA3)
(the "Notes"). Holders of more than 66 2/3% of the aggregate principal amount
of outstanding Notes have delivered and not revoked their valid consents. The
consent and waivers granted pursuant thereto became irrevocable, and the
Effective Date occurred at 12:00 p.m. New York time, on December 21, 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
Safe Harbor Statement
Information provided in this press release may contain statements relating to
current expectations, estimates, forecasts and projections about future events
that are "forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements generally
relate to OrCal Geothermal Inc.'s plans, objectives and expectations for
future operations and are based upon its management's current estimates and
projections of future results or trends. Actual future results may differ
materially from those projected as a result of certain risks and
uncertainties. For a discussion of such risks and uncertainties, see "Risk
Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K
filed with the Securities and Exchange Commission on February 29, 2012 and
Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on November 8, 2012.
These forward-looking statements are made only as of the date hereof, and we
undertake no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
OrCal Geothermal Inc.
SOURCE OrCal Geothermal Inc.
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