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

By Susanna Moon

Chicago, Sept. 24 - LS Power Funding Corp. said it began a consent solicitation for its $54.1 million 7.19% senior secured bonds due 2010 and its $226.45 million 8.08% senior secured bonds due 2016.

The solicitation seeks certain waivers to facilitate the previously announced sale of a five-acre greenhouse in Whitewater, Wis., according to a press release.

The company said it will pay a consent fee of $1.25 per $1,000 principal amount of the bonds.

The solicitation expires at 5 p.m. ET on Oct. 4.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.