FirstFed Financial Corp. (FED) Announces Tender Offer for up to $150 Million Aggregate Principal Amount of its Senior Debt Securities

January 12, 2009 8:23 AM EST

FirstFed Financial Corp. (NYSE: FED) announced 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, Fixed/Floating Rate Senior Debt Debentures due March 15, 2016, and Fixed/Floating Rate Senior Debt Debentures due June 15, 2017.

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.

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.

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