Salton Sea Funding gets required consent for 7.84%, 8.3%, 7.475% bonds

By Jennifer Chiou

New York, Sept. 23 - Salton Sea Funding Corp. said it received the required consents to amend the indentures of its 7.84% senior secured series C bonds due 2010, 8.30% senior secured series E bonds due 2011 and 7.475% senior secured series F bonds due 2018.

The consent solicitation expired at 5 p.m. ET on Sept. 22.

The proposed amendments allow the company to modify and simplify how it provides quarterly and annual financial reports.

On Aug. 12, the Omaha, Neb.-based operator of geothermal energy facilities filed with the Securities and Exchange Commission to suspend its duty to file reports with the SEC.

Upon filing the form, Salton will no longer be obligated to file reports with the SEC because there are fewer than 300 bondholders of record, but the company is required to provide quarterly and annual reports according to the indentures.

MacKenzie Partners, Inc. is information agent and tabulation agent (800 322-2885).

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