Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
FirstFed terminates tender offer, solicitation for senior debentures
By Jennifer Chiou
New York, Feb. 11 - FirstFed Financial Corp. announced the termination of its cash tender offer and consent solicitation for its senior debt securities.
As already reported, the deadline had been extended twice in October and twice in November.
The company said that any tendered notes will be returned.
The expiration date and the consent payment deadline was to be 5 p.m. ET on Feb. 15. It was previously extended to 5 p.m. ET on Nov. 25 in an announcement on Nov. 6.
In order to have been eligible to receive the purchase price of $200 per $1,000 in securities, which included the consent payment of $20 per $1,000 of securities, holders would have had to validly tender their securities prior to the consent payment deadline.
At 5 p.m. ET on Nov. 25, the company had received tenders and consents from holders of all $50 million of the fixed/floating-rate senior debt debentures due March 15, 2016, all $50 million of the fixed/floating-rate senior debt debentures due June 15, 2015 and $43 million, or 86%, of the fixed/floating-rate senior debt debentures due June 15, 2017.
Questions may be directed to chief executive officer Babette E. Heimbuch (818 598-1165).
The issuer is a savings and loan holding company based in Los Angeles.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.