FirstFed Financial Corp. Announces Tender Offer for up to $150 Million Aggregate Principal Amount of its Senior Debt Securities
10 Gennaio 2009 - 12:03AM
Business Wire
FirstFed Financial Corp. (NYSE:FED) (the �Company�) announced today
that it has commenced a cash tender offer to purchase any and all
of the following senior debt securities up to $150 million in
aggregate principal amount: Fixed/Floating Rate Senior Debt
Debentures due June 15, 2015 (CUSIP No. 3379079Z4), Fixed/Floating
Rate Senior Debt Debentures due March 15, 2016 (CUSIP No.
337907AB5), and Fixed/Floating Rate Senior Debt Debentures due June
15, 2017 (CUSIP No. 337907AC3) (collectively the �notes�). The
Company�s offer to purchase the notes will expire at 5:00 p.m.,
Eastern Standard Time, on Thursday, January 15, 2009 (such time, as
may be extended or earlier terminated, the �Expiration Time�). The
total consideration payable for each $1,000 principal amount of the
notes accepted for payment is $333.33. The Company intends to
finance the purchase of the notes pursuant to the offer from
available cash, which may include proceeds from capital raising
transactions. The Company reserves the right to terminate the offer
prior to the Expiration Time (including if fewer than all of the
notes are properly tendered and not properly withdrawn), to waive
on or prior to the Expiration Time any and all conditions, extend
the offer and delay the Expiration Time, and to amend the terms of
the offer. Full details of the terms and conditions of the offer
are included in the Company�s Offer to Purchase dated December 26,
2008, and the related letter of transmittal. Holders are urged to
read the Offer to Purchase Persons dated December 26, 2008, and the
related letter of transmittal carefully. Holders with questions
regarding the offer or requests for documents should contact James
P. Giraldin, President and Chief Operating Officer of FirstFed
Financial Corp, at (310) 302-1713. This press release is neither an
offer to purchase nor a solicitation of an offer to sell the notes
or any other security. The offer is made only by the Offer to
Purchase dated December 26, 2008, and the related letter of
transmittal. The offer is not being made to holders of the notes in
any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of
such jurisdiction. In any jurisdiction in which the offer is
required to be made by a licensed broker or dealer, the offer shall
be deemed to be made on behalf of the Company by a broker or dealer
licensed under the laws of such jurisdiction. About FirstFed
Financial Corp. FirstFed Financial Corp. is a savings and loan
holding company. The Company owns and operates First Federal Bank
of California, a federally chartered savings association. The
Company�s principal executive offices are located at 12555 W.
Jefferson Boulevard, Los Angeles, California 90066, and its
telephone number is (310) 302-5600. Information about the Company,
including corporate background and press releases, is available
through the Company�s website at www.firstfedca.com.
Forward-Looking Statements This press release contains certain
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Act of 1995. These
forward-looking statements are subject to various risks and
uncertainties, many of which are beyond the Company�s control,
which could cause actual results to differ materially from such
statements. Such risks and uncertainties include, but are not
limited to, the general business environment, interest rate
fluctuations that may affect operating margin, changes in laws and
regulations affecting the Company�s business, the California real
estate market, competitive conditions in the business and
geographic areas in which the Company conducts its business and
regulatory actions, and those risk factors discussed in Part I,
�Item 1A. Risk Factors� of the Company�s Annual Report on Form 10-K
for the fiscal year ended December 31, 2007, as well as other
periodic reports filed with the Securities and Exchange Commission.
Unless legally required, the Company disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
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