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FirstFed extends debt tender expiration date, consent payment deadline
By Devika Patel
Knoxville, Tenn., Oct. 16 - FirstFed Financial Corp. said it has extended the expiration date and consent payment deadline for its previously announced cash tender offers and consent solicitations for its senior debt securities. The deadline was extended early Friday then extended once again a few hours later.
The expiration date and the consent payment deadline will now be 5 p.m. ET on Nov. 6.
In order to be eligible to receive the purchase price of $200 per $1,000 in securities, which includes the consent payment of $20 per $1,000 in securities, holders must validly tender their securities prior to the consent payment deadline.
Securities purchased in the offers will be paid for on the applicable settlement date, which will be promptly after the applicable expiration date.
All other terms and conditions of the tender offers and consent solicitations remain unchanged.
Goldman Sachs & Co. (800 828-3182) is the dealer manager and solicitation agent. Documents can be obtained from FirstFed's corporate secretary at 310 302-5600.
As of 5 p.m. ET on Oct. 16, 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.
The issuer is a savings and loan holding company based in Los Angeles.
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