secwatch.observer — SEC 8-K summary
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Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001193125-24-147060
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point extends $100M of revolving credit facility maturity to July 2027; adds $150M accordion
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- Maturity extended to July 2027 for $100M of $125M facility; $25M Citibank commitment remains due April 2026.
- Accordion feature allows increase of aggregate commitments up to $150M, subject to conditions and lender approval.
- Waiver of requirement to collateralize remaining Senior Notes (~$1.5M outstanding after 99.8% exchange).
- No borrowings or letters of credit outstanding as of May 22, 2024; interest rate at SOFR + 2.25%-2.50%.
- Extension fee of 0.31% paid to consenting lenders (excluding Citibank).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000119312524147060/0001193125-24-147060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000119312524147060/d51732d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-147060

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