secwatch.observer — SEC 8-K summary
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Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001193125-23-259537
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point extends $125M revolving credit facility maturity to April 2026
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- Maturity extended from April 2024 to April 2026; springing earlier to July 2025 if most senior notes not refinanced.
- Interest rate: CME Term SOFR 1 month +0.10% plus margin of 2.25%-2.50% based on leverage ratio.
- Modification fee of $625,000 (0.50% of $125M commitment) paid to lenders.
- No borrowings or letters of credit outstanding as of October 19, 2023 amendment date.
- One optional one-year extension available subject to administrative agent and lender approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000119312523259537/0001193125-23-259537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000119312523259537/d549969d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-259537

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