NEW YORK, Dec. 4 /PRNewswire/ -- Hexagon Securities LLC ("Hexagon") recently advised FirstFed Financial Corp. (the "Company") in connection with the Company's cash tender offers and consent solicitations (the "Offers") for its outstanding senior debt securities (the "Securities"). Hexagon's principals' and employees' background and expertise in the trust preferred CDO space uniquely positioned the investment bank to advise on the Offers.

As of 5:00 p.m., New York City time, on November 25, 2009, the Company had received tenders and consents from holders of $50,000,000 in aggregate amount of its Fixed/Floating Rate Senior Debt Debentures due March 15, 2016, representing 100 percent of such securities, $50,000,000 in aggregate amount of its Fixed/Floating Rate Senior Debt Debentures due June 15, 2015, representing 100 percent of such securities, and $43,000,000 in aggregate amount of its Fixed/Floating Rate Senior Debt Debentures due June 15, 2017, representing 86 percent of such securities. The Securities are subject to a purchase price of $200.00 per $1,000 in principal amount of Securities which includes the consent payment of $20.00 per $1,000 in principal amount of Securities.

The Company recently announced the extension of the Expiration Date and Consent Payment Deadline with respect to the Offers for the Securities. The Expiration Date will now be 5:00 p.m., New York City time, on February 15, 2010, unless extended or earlier terminated by the Company and the Consent Payment Deadline will now be 5:00 p.m., New York City time, on February 15, 2010, unless extended or earlier terminated by the Company.

The terms and conditions of the tender offers and consent solicitations are described in the Offer to Purchase and Consent Solicitation Statement, dated June 19, 2009 (as amended or supplemented from time to time, the "Offer to Purchase"), and the related Letter of Transmittal and Consent. This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any Securities. The tender offers and consent solicitations are being made solely pursuant to the Offer to Purchase and the related Letter of Transmittal and Consent, which set forth the complete terms of the tender offers and consent solicitations.

About Hexagon Securities LLC

Hexagon Securities LLC is a credit focused investment bank and securities firm providing sales & trading, investment banking and capital markets services. The firm is headquartered in New York.

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

The material, information and facts discussed in this announcement, other than the information regarding Hexagon Securities LLC and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Hexagon Securities LLC.

SOURCE Hexagon Securities LLC

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