LS Power extends consent solicitation for 7.19%, 8.08% bonds

By Angela McDaniels

Seattle, Oct. 4 - LS Power Funding Corp. said it extended the consent solicitation for its $54.1 million 7.19% senior secured bonds due 2010 and its $226.5 million 8.08% senior secured bonds due 2016.

The solicitation will now expire at 5 p.m. ET on Oct. 11, pushed back from Oct. 4.

The company began soliciting waivers on Sept. 24 to facilitate the previously announced sale of a five-acre greenhouse in Whitewater, Wis.

Bondholders who consent will receive a fee of $1.25 per $1,000 principal amount of bonds held.

Goldman, Sachs & Co. (800 828-3182 or 212 902-9077) is the solicitation agent. Global Bondholder Services Corp. (866 873-6300 or bankers, brokers call 212 430-3774) is the information agent.

LS Power is an East Brunswick, N.J.-based investor, developer and management team focused on the power sector.

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