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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
March 25, 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
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On March 25, 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
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(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is included with this Report:
Exhibit 99(a) Press Release, dated March 25, 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: March 25, 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 Extends Exchange Offer
for its 12-1/2% Notes due 2004 to April 8, 1998
El Segundo, California, March 25, 1998 -- Hawthorne Financial Corporation
(NASDAQ:HTHR) announced today that it has extended its 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 to 5:00
p.m, Eastern Time, on April 8, 1998, unless further extended. The exchange
offer was originally scheduled to expire at 5:00 p.m., Eastern Time, on March
25, 1998, unless extended.
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 have been provided to holders of record of the Notes.
According to a preliminary count by United States Trust Company of New York
(the "Exchange Agent") as of 5:00 p.m., Eastern Time, on March 25, 1998,
approximately $38.2 million principal amount of restricted 12-1/2% Notes due
2004 had been tendered for exchange by the holders of such notes.
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