EXHIBIT 99.4
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SALTON SEA FUNDING CORPORATION
OFFER TO EXCHANGE ITS REGISTERED
7.475% SENIOR SECURED SERIES F BONDS DUE NOVEMBER 30, 2018
FOR ANY AND ALL OF ITS OUTSTANDING
7.475% SENIOR SECURED SERIES F BONDS DUE NOVEMBER 30, 2018
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THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
JULY 30, 1999, UNLESS EXTENDED (THE "EXPIRATION DATE"). TENDERS MAY BE
WITHDRAWN PRIOR TO THE EXPIRATION DATE.
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June 29, 1999
To Brokers, Dealers, Commercial Banks,
Trust Companies and Other Nominees:
Enclosed for your consideration is a Prospectus dated June 29, 1999 (as
the same may be amended or supplemented from time to time, the "Prospectus") and
related Letter of Transmittal (the "Letter of Transmittal") in connection with
the offer (the "Exchange Offer") by Salton Sea Funding Corporation (the
"Company") to exchange its 7.475% Senior Secured Series F Bonds Due November 30,
2018 ("New Securities") for an equal principal amount of its outstanding 7.475%
Senior Secured Series F Bonds Due November 30, 2018 ("Old Securities"), of which
$285,000,000 aggregate principal amount is outstanding. The New Securities are
being offered for exchange in order to satisfy certain obligations of the
Company under the Exchange and Registration Rights Agreement, dated October 13,
1998, among the Company and other signatories thereto.
We are asking you to contact your clients for whom you hold Old
Securities registered in your name or in the name of your nominee. In addition,
we ask you to contact your clients who, to your knowledge, hold Old Securities
registered in their own name. The Company will not pay any fees or commissions
to any broker, dealer or other person in connection with the solicitation of
tenders pursuant to the Exchange Offer. You will, however, be reimbursed (upon
request) by the Company for customary mailing and handling expenses incurred by
you in forwarding any of the enclosed materials to your clients. The Company
will pay all transfer taxes, if any, applicable to the tender of Old Securities
to it or its order, except as otherwise provided in the Prospectus and the
Letter of Transmittal.
Enclosed herewith for your information and for forwarding to your
clients for whom you hold Old Securities registered in your name or in the name
of your nominee, or who hold Old Securities registered in their own name, are
copies of the following documents:
1. The Prospectus dated June 29, 1999;
2. The Letter of Transmittal for your use in connection with the tender
of the Old Securities and for the information of your clients. Facsimile
copies of the Letter of Transmittal may be used to tender Old Securities;
3. A form of letter that may be sent to your clients for whose accounts
you hold Old Securities registered in your name or the name of your
nominee, with space provided for obtaining the clients' instructions with
regard to the Exchange Offer;
4. A Notice of Guaranteed Delivery to be used to accept the Exchange
Offer if certificates for Old Securities are not immediately available or
time will not permit all required documents to reach the Exchange Agent (as
defined below) prior to the Expiration Date (as defined below) or if the
procedures for book-entry transfer cannot be completed on a timely basis;
5. Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9; and
6. Return envelopes addressed to Chase Manhattan Bank and Trust
Company, National Association (the "Exchange Agent"), the exchange agent
for the Exchange Offer.
YOUR PROMPT ACTION IS REQUESTED. THE EXCHANGE OFFER WILL EXPIRE AT 5:00
P.M., NEW YORK CITY TIME, ON THE EXPIRATION DATE. ANY OLD SECURITIES TENDERED
PURSUANT TO THE EXCHANGE OFFER MAY BE WITHDRAWN, SUBJECT TO THE PROCEDURES
DESCRIBED IN THE PROSPECTUS, AT ANY TIME PRIOR TO 5:00 P.M., NEW YORK CITY TIME,
ON THE EXPIRATION DATE.
To participate in the Exchange Offer, a duly executed and properly
completed Letter of Transmittal (or facsimile thereof), with any required
signature guarantees and any other required documents, should be sent to the
Exchange Agent and certificates representing the Old Securities should be
delivered to the Exchange Agent, all in accordance with the instructions set
forth in the Letter of Transmittal and the Prospectus.
If holders of Old Securities wish to tender, but it is impracticable
for them to forward their certificates for Old Securities prior to the
Expiration Date or to comply with the book-entry transfer procedures on a timely
basis, a tender may be effected by following the guaranteed delivery procedures
described in "The Exchange Offer--Procedures for Tendering" section of the
Prospectus.
Any inquiries you may have with respect to the Exchange Offer, or
requests for additional copies of the enclosed materials, should be directed to
the Exchange Agent at its address and telephone number set forth on the back
cover of the Prospectus.
Very truly yours,
Salton Sea Funding Corporation
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF THE COMPANY OR THE EXCHANGE AGENT, OR AUTHORIZE YOU OR ANY
OTHER PERSON TO MAKE ANY STATEMENTS ON BEHALF OF EITHER OF THEM WITH RESPECT TO
THE EXCHANGE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN THE PROSPECTUS AND
THE LETTER OF TRANSMITTAL.