Cogentrix Completes Consent Solicitation.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Cogentrix Energy, Inc. today announced that it successfully completed its consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with with respect to its 8.75% Senior Notes due October 15, 2008 (the "Notes"). Cogentrix accepted consents covering $343,766,000 aggregate principal amount of the Notes (the "Consenting Notes"), entered into a third supplemental indenture relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Notes and delivered a payment guarantee with respect to the Notes (the "Guarantee") of The Goldman Sachs Group, Inc., its ultimate parent company. All of the outstanding Notes will have the benefit of the Guarantee. The Consenting Notes will be subject to restrictions on transfer under the Securities Act of 1933 but will be eligible for resale pursuant to Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. thereunder. Cogentrix Energy, Inc., a wholly-owned subsidiary of The Goldman Sachs Group, Inc., is a leading owner and operator of independent power and cogeneration assets in North America. Headquartered in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , Cogentrix Energy, Inc. owns a substantial portfolio of assets consisting primarily of interests in 26 generation facilities aggregating 3,349 megawatts net ownership in operation. |
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