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June 02, 2015 8:27 PM ET

Thrifts and Mortgage Finance

Company Overview of Provident Funding Associates, L.P.

Company Overview

Provident Funding Associates, L.P. originates and services first mortgages in the United States. It offers home loans and refinancing solutions. The company sells its loans to banks and government chartered entities. Provident Funding Associates, L.P. was founded in 1992 and is based in San Bruno, California with regional centers in Los Angeles, San Diego, and Santa Rosa, California; Chicago, Illinois; Plano, Texas; and Pittsburgh, Pennsylvania.

851 Traeger Avenue

Suite 100

San Bruno, CA 94066-3091

United States

Founded in 1992

Phone:

707-566-2141

Fax:

707-547-4081

Key Executives for Provident Funding Associates, L.P.

Partner
Age: 49
Compensation as of Fiscal Year 2014.

Provident Funding Associates, L.P. Key Developments

Provident Funding Associates, L.P. and PFG Finance Corp. Announce Early Results of Their Tender Offer and Related Consent Solicitation

Provident Funding Associates, L.P. and PFG Finance Corp. announced the early settlement of their tender offer to purchase for cash any and all of the $400 million aggregate principal amount outstanding of their 10.25% Senior Secured Notes due 2017 and solicitation of consents for proposed amendments to the related indenture. The Tender Offer and the Consent Solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated as of May 20, 2013, and related consent and letter of transmittal. The Tender Offer will expire at 12:00 midnight, New York City time, on June 17, 2013. As of the consent payment deadline of 5:00 p.m., New York City time, on June 3, 2013, approximately $319.3 million aggregate principal amount of the outstanding Notes had been validly tendered and not validly withdrawn. Holders that validly tendered prior to the consent payment deadline and whose Notes were accepted will receive total consideration of $1,134.01 per $1,000 principal amount of purchased Notes, which includes a consent payment of $30.00 per $1,000 principal amount of Notes, plus accrued and unpaid interest up to, but not including, the initial settlement date of June 4, 2013. Holders that validly tender after the consent payment deadline, but prior to the expiration of the tender offer, and whose Notes are accepted will receive the tender offer consideration of $1,104.01 per $1,000 principal amount of Notes, plus accrued and unpaid interest up to, but not including, the final settlement date, which is expected to be June 18, 2013. Holders of the Notes that tender after the consent payment deadline will not receive a consent payment. As the withdrawal time of 5:00 p.m., New York City time, on June 3, 2013 has passed, any tendered Notes may not be withdrawn except as required by law.

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