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Ormat Technologies buys back $6.8 million of 8¼% notes due 2020
By Angela McDaniels
Tacoma, Wash., Nov. 8 – Ormat Technologies, Inc. repurchased $6.8 million principal amount of 8¼% senior secured notes due 2020 issued by Ormat Funding Corp., according to a 10-Q filing with the Securities and Exchange Commission.
The company said it recognized a loss of about $600,000 in the three and nine months ended Sept. 30 as a result of the repurchase.
There was $19.7 million principal amount of the notes outstanding as of Sept. 30.
In June 2015, the company had repurchased $30.6 million principal amount of the notes.
Ormat is a Reno, Nev., geothermal and recovered energy power company.
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