Homer city generation, l.p. announces extension of consent
solicitation relating to its 8.137% senior secured notes due 2019 (cusip
no. 437414 aa3) and 8.734% senior secured notes due 2026 (cusip no.
437414 ab1)
Stamford, conn.--(business wire)--homer city generation, l.p. (the “company”) today announced that it has extended the consent date of its previously announced solicitation of consents (the “consent solicitation”) from holders (each, a “holder”) of its 8.137% senior secured notes due 2019 (the “2019 notes”) and 8.734% senior secured notes due 2026 (the “2026 notes,” and, together with the 2019 notes, the “notes”) to 5:00 p.m., new york city time, on october 30, 2015 (the “consent date”). the notes are governed by an indenture, dated as of december 14, 2012, between the company and the bank of new york mellon, as trustee and collateral agent (the “indenture”). if a consent relates to fewer than all of the notes held of record as of 5:00 p.m., new york city time, on october 2, 2015 (the “record date”) by the person providing such consent, such person must indicate on the letter of consent the series of notes and the aggregate dollar amount (in integral multiples of $1.00) of such notes to which the consent relates. otherwise, the consent will be deemed to relate to all such notes. the waiver (as defined in the consent solicitation statement) will become effective (such date and time, the “effective date”) upon receipt by ipreo llc (the “information and tabulation agent”) of consents in respect of a majority of the aggregate principal amount of notes, voting as a single class, excluding any notes owned by the company or its affiliates (the “requisite consents”). the effective date of the waiver may occur prior to the consent date if the requisite consents are received prior to such consent date. upon the effective date, all current holders of each series of notes, including nonconsenting holders, and all subsequent holders, will be bound by the waiver. holders may continue to deliver validly executed consents to the information agent up to and until the consent date, however, any notice of revocation received subsequent to the effective date will not be effective, even if received prior to the consent date. the notes of each series will remain outstanding in accordance with all other terms of the notes of such series and the indenture. holders who do not deliver consents prior to the consent date (or delivered consents but properly revoked them prior to the effective date) will not receive the consent fee. the company will pay the consent fee to each consenting holder or its designee (directly or through an agent) as promptly as practicable following the consent date. except as provided herein, all other terms, provisions and conditions of the consent solicitation remain unchanged. the consent solicitation is otherwise made solely on the terms and subject to the conditions set forth in the consent solicitation statement, dated october 5, 2015 (the “consent solicitation statement”) and the related letter of consent. the company may, in its sole discretion, terminate, extend or amend the consent solicitation at any time as described in the consent solicitation statement. requests for assistance in completing and delivering consents or requests for copies of the consent solicitation statement and the related letter of consent should be directed to the information and tabulation agent, by telephone (212) 849-3880 (bankers and brokers) or 1 (888) 593-9546 (toll free), in writing at 1359 broadway, 2nd floor, new york, new york 10018, attn: aaron dougherty and via email at consent@ipreo.com. this press release shall not constitute an offer to purchase or a solicitation of an offer to sell any securities. the consent solicitation was not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state securities laws. about homer city generation, l.p. homer city generation, l.p. is a wholly owned subsidiary of ge capital. homer city generating station is a 1,884-mw coal-fired merchant power plant in center township in indiana county, pennsylvania, 45 miles northeast of pittsburgh. generating units 1 & 2 were built in 1969, and anti-pollution scrubbers are being installed on them. generating unit 3 was built in 1977 and already is outfitted with a scrubber. the plant sells its baseload power into wholesale power generation markets in pjm interconnection, a regional transmission organization (rto) that coordinates the movement of wholesale electricity in all or parts of 13 states and the district of columbia, and the new york independent system operator (nyiso), a not-for-profit organization responsible for operating new york state’s high-voltage transmission network and administering and monitoring wholesale electricity markets. forward-looking statements this press release contains forward-looking statements within the meaning of the private securities litigation reform act of 1995, including statements regarding the timing of the consent date and the consent fee payment and other information and statements that are not historical fact. these forward-looking statements involve known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by these statements. accordingly, all forward looking statements should be evaluated with an understanding of their inherent uncertainty. these forward-looking statements speak only as of the date of this release. the company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in their expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
