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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
February 23, 1998
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(Date of earliest event reported)
Hawthorne Financial Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-1100 95-2085671
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2381 Rosecrans Avenue, El Segundo, California 90245
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(Address of principal executive offices) (Zip Code)
(310) 725-5000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS
On February 23, 1998, Hawthorne Financial Corporation issued the press
release which is included as Exhibit 99(a) hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is included with this Report:
Exhibit 99(a) Press Release, dated February 23, 1998
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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 thereunto duly authorized.
HAWTHORNE FINANCIAL CORPORATION
By:/s/ Scott A. Braly
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Name: Scott A. Braly
Title: President and Chief Executive Officer
Date: February 23, 1998
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HAWTHORNE FINANCIAL CORPORATION NEWS RELEASE
For Immediate Release
For Further Information, Contact
Norman Morales
Executive Vice President and Chief Financial Officer
(310) 725-5000
Hawthorne Financial Corporation Announces Exchange Offer
for its 12-1/2% Notes due 2004
El Segundo, California, February 23, 1998 -- Hawthorne Financial
Corporation (NASDAQ:HTHR) announced today the commencement of an offer to
exchange its $40 million aggregate principal amount of restricted 12-1/2% Notes
due 2004 outstanding for a like amount of its registered 12-1/2% Notes due 2004.
The exchange offer is being conducted in accordance with the terms of the
initial issuance of the Notes on December 31, 1997, and is being made upon the
terms and conditions set forth in a Prospectus and in a related Letter of
Transmittal which are being provided to holders of record of the Notes.
The exchange offer is not conditioned on any amount of Notes being
exchanged. The exchange offer is scheduled to expire at 5:00 p.m., Eastern Time,
on March 25, 1998, unless extended.
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