CORRESP 1 filename1.htm

 

April 10, 2013

 

VIA EDGAR

 

Perry Hindin, Special Counsel

Office of Mergers and Acquisitions

United States Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549-3628

 

Re:         FirstCity Financial Corporation

Amendment No. 1 to Preliminary Proxy Statement on Schedule 14A

Filed on March 25, 2013

File No. 033-19694

Amendment No. 1 to Schedule 13E-3

Filed on March 25, 2013

File No. 005-40461

 

Dear Mr. Hindin:

 

Reference is made to the comment letter of the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), dated April 3, 2013 (the “Comment Letter”), relating to the Amendment No. 1 to Preliminary Proxy Statement, filed by FirstCity Financial Corporation (the “Company”) with the Commission on March 25, 2013 (File No. 033-19694) (the “Proxy Statement”) and the Amendment No. 1 to Schedule 13E-3, filed by the Company, Hotspurs Holdings LLC, Hotspurs Acquisition Corporation, The Värde Fund X (Master), L.P., The Värde Fund X (GP), L.P., The Värde Fund X GP, LLC, The Värde Fund VI-A, L.P., Värde Investment Partners, L.P., Värde Investment Partners (Offshore) Master, L.P., Värde Investment Partners G.P., LLC, Värde Partners, L.P., Värde Partners, Inc., George G. Hicks, Marcia L. Page and Gregory S. McMillan (together with the Company, the “Filing Persons”) with the Commission on March 25, 2013 (File No. 005-40461) (the “Schedule 13E-3”).

 

Per your request, each of the Filing Persons acknowledges in connection with the Proxy Statement and Schedule 13E-3 that:

 

·                  the Filing Person is responsible for the adequacy and accuracy of the disclosure in the filings;

 

·                  Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filings; and

 

·                  the Filing Person may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 


 

Mr. Hindin

April 10, 2013

Page 2

 

FIRSTCITY FINANCIAL CORPORATION

 

 

 

By:

/s/ James T. Sartain

 

Name:

James T. Sartain

 

Title:

Chief Executive Officer

 

 

 

HOTSPURS HOLDINGS LLC

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

Assistant Secretary

 

 

 

 

HOTSPURS ACQUISITION CORPORATION

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

Assistant Secretary

 

 

 

 

THE VÄRDE FUND X (MASTER), L.P.

 

 

By:

The Värde Fund X (GP), L.P., Its General Partner

By:

The Värde Fund X GP, LLC, Its General Partner

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

THE VÄRDE FUND X (GP), L.P.

 

 

By:

The Värde Fund X GP, LLC, Its General Partner

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 


 

Mr. Hindin

April 10, 2013

Page 3

 

THE VÄRDE FUND X GP, LLC

 

 

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

THE VÄRDE FUND VI-A, L.P.

 

 

By:

Värde Investment Partners G.P., LLC, Its General Partner

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

VÄRDE INVESTMENT PARTNERS, L.P.

 

 

By:

Värde Investment Partners G.P., LLC, Its General Partner

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P.

 

 

By:

Värde Investment Partners G.P., LLC, Its General Partner

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 


 

Mr. Hindin

April 10, 2013

Page 4

 

VÄRDE INVESTMENT PARTNERS G.P., LLC

 

 

By:

Värde Partners, L.P., Its Managing Member

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

VÄRDE PARTNERS, L.P.

 

 

By:

Värde Partners, Inc., Its General Partner

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

VÄRDE PARTNERS, INC.

 

 

 

By:

/s/ David A. Marple

 

Name:

David A. Marple

 

Title:

General Counsel

 

 

 

 

GEORGE G. HICKS

 

 

 

/s/ George G. Hicks

 

 

 

MARCIA L. PAGE

 

 

 

/s/ Marcia L. Page

 

 

 

GREGORY S. MCMILLAN

 

 

 

/s/ Gregory S. McMillan