debt
confidence high
sentiment positive
materiality 0.60
Five Point upsizes revolving credit facility to $217.5M, extends maturity to July 2029
Five Point Holdings, LLC
- Revolving credit facility increased from $125M to $217.5M, with option to further increase to $300M.
- Maturity extended from July 2027 to July 2029, with one-year extension option subject to lender approval.
- Interest rate at CME Term SOFR 1-month plus margin of 2.25% or 2.50% based on leverage ratio.
- No borrowings or letters of credit outstanding under the facility as of closing date.
- Zions Bancorporation continues as administrative agent; JPMorgan, CIBC, Banc of California, Comerica as lenders.