Ahmanson announces the sale of $150 million Capital Securities, Series A.IRWINDALE, Calif.--(BUSINESS WIRE)--Dec. 3, 1996--H.F. Ahmanson & Co. (NYSE NYSE See: New York Stock Exchange :AHM AHM Automated Hacking Machines AHM All Hands Meeting AHM Academy for Healthcare Management AHM Atom Heart Mother (Pink Floyd album) AHM Airport Handling Manual AHM Acutely Hazardous Material AHM Anti-Helicopter Mine ), parent company of Home Savings of America, Tuesday announced completion of the sale of $150 million of 8.36% Capital Securities, Series A. The securities were issued by Ahmanson Capital Trust I, a Delaware trust, which will use the proceeds to purchase $150 million of junior subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". securities from H.F. Ahmanson. Goldman, Sachs & Co., CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. & Co. and Lehman Brothers Inc. arranged the private sale of these securities. H.F. Ahmanson, with $50.6 billion in assets, is the parent company of Home Savings of America. Home Savings' deposit base is $35.4 billion. It operates 389 personal financial service centers in four states and 117 mortgage lending offices in nine states. -0- Note: Additional information, including monthly financial data, about H.F. Ahmanson and Home Savings of America can be retrieved free of charge by using the following services: Corporate News on the Net: http://www.businesswire.com/cnn/ahm.htm Internet: http://www.investquest.com Fax-on-Demand: 614/844-3860 On-line BBS (1) (Bulletin Board System) A computer system used as an information source and forum for a particular interest group. They were widely used in the U.S. : 614/844-3868 CONTACT: H.F. Ahmanson & Co., Irwindale Media: Mary Trigg, 818/814-7922 Investor: Steve Swartz, 818/814-7986 |
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