FirstFed Financial Corp commences cash tender offer of its senior debt securities

Mon. January 12, 2009; Posted: 10:19 AM

Jan 12, 2009 (M2 EQUITYBITES via COMTEX) -- FED | Quote | Chart | News | PowerRating -- FirstFed Financial Corp (NYSE:FED), a savings and loan holding company, reported on 9 January that a cash tender offer to purchase any and all of the senior debt securities up to USD150m in aggregate principal amount, has commenced. A The senior debt securities are the fixed/floating rate senior debt debentures due 15 June 2015 (CUSIP No. 3379079Z4), fixed/floating rate senior debt debentures due 15 March 2016 (CUSIP No. 337907AB5) and fixed/floating rate senior debt debentures due 15 June 2017 (CUSIP No. 337907AC3) (collectively the notes). A The company's offer will expire at 17:00, Eastern Standard Time on 15 January 2009, a time that may be extended or terminated earlier, (the Expiration Time). The total amount payable for each USD1,000 principal amount of the notes accepted for payment is USD333.33. The financing of the purchase of the notes by the company will be from available cash that may include proceeds from capital raising transactions. A The right to terminate the offer prior to the Expiration Time is reserved by the company, to 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 26 December 2008, along with the related letter of transmittal, which the holders are urged to read carefully. Holders with questions regarding the offer or requests for documents should contact James P Giraldin, president and COO of FirstFed Financial Corp, at +1 310 302 1713.

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