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SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 1, 2002
Hawthorne Financial Corporation
Delaware (State or other jurisdiction of incorporation or organization) | 95-2085671 (I.R.S. employer identification number) |
Commission file number: 0-1100
2381 Rosecrans Avenue
El Segundo, California 90245
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code:
(310) 725-5000
Item 5. Other Events. | ||||||||
SIGNATURES |
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Item 5. Other Events.
On November 1, 2002, Hawthorne Financial Corporation participated in a pooled offering of floating rate trust preferred securities, raising $15.0 million. The securities were priced at 6-month LIBOR plus 335 basis points, with LIBOR capped at 8.65% during the five-year no-call period. As previously announced, the proceeds of the offering, together with cash on hand, will be used to retire the entire remaining balance of the Company’s 12.50% Senior Notes Due 2004. Formal notice of the redemption will be given in accordance with the provisions of the Senior Notes.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HAWTHORNE FINANCIAL CORPORATION | ||
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By: | /s/ David Rosenthal | |
David Rosenthal Executive Vice President and Chief Financial Officer |
Date: November 5, 2002