---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-008643"
form_type: "8-K"
ticker: "FPH"
cik: "0001574197"
company_name: "Five Point Holdings, LLC"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:13:56.760348+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Five Point exchanges 99.76% of 7.875% notes due 2025 for new 10.5%-12% notes due 2028

## Summary
- Exchanged $623.5M of $625M outstanding 7.875% senior notes due 2025 for $523.5M in new 10.5%-12% notes plus $100M cash.
- New notes mature Jan 2028 with step-up interest: 10.5% to Nov 2025, 11% to Nov 2026, then 12% to maturity.
- New notes are senior unsecured, rank equally with the Revolving Credit Facility and remaining Existing Notes.
- Issuers can redeem new notes at 104% (on/before Nov 2024), 102% (Nov 2024-Nov 2025), 100% (thereafter).
- Change-of-control repurchase at 101% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-24-008643
- form_type: 8-K
- ticker: FPH
- cik: 0001574197
- company_name: Five Point Holdings, LLC
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574197/000119312524008643/0001193125-24-008643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574197/000119312524008643/d728537d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-008643
- JSON: https://secwatch.observer/filing/0001193125-24-008643.json
- Plain text: https://secwatch.observer/filing/0001193125-24-008643.txt

## Key facts
- Debt Financings
  Five Point Holdings, LLC incurred senior notes of $523,494,301 aggregate principal amount of New Notes at 10.500% per annum ... to ... November 15, 2025, 11.000% per annum ... to ... Nov maturing January 15, 2028.
  - Instrument: senior notes
  - Principal: $523,494,301 aggregate principal amount of New Notes
  - Rate: 10.500% per annum ... to ... November 15, 2025, 11.000% per annum ... to ... Nov
  - Maturity: January 15, 2028
  - Event: incurrence
  source text: exchanged $623,500,000 aggregate principal amount of Existing Notes, which represented 99.76% of the Existing Notes outstanding immediately prior to the Exchange Offer, for $523,494,301 aggregate principal amount of New Notes and approximately $100,000,000 of aggregate cash consideration. The New Notes were issued to holders of Existing Notes reasonably believed
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574197/000119312524008643/0001193125-24-008643-index.htm
- Material Agreements
  Five Point Holdings, LLC entered into Indenture with Computershare Trust Company, N.A. (effective 2024-01-16).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, N.A.
  - Effective: 2024-01-16
  source text: The New Notes were issued pursuant to an indenture, dated as of January 16, 2024 (the “Indenture”), among the Issuers, the Guarantors party thereto (the “Guarantors”), and Computershare Trust Company, N.A. (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1574197/000119312524008643/0001193125-24-008643-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.