secwatch.observer — SEC 8-K summary
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Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001574197-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point Q4 net income $58.7M; exchanges $623.5M notes for new 10.5% notes due 2028
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- Q4 consolidated revenues $118.8M, net income $58.7M; FY 2023 revenues $211.7M, net income $113.7M.
- Valencia sold 583 homesites for $101.8M in Q4; full year 729 homesites for $162.4M.
- Great Park Venture closed two commercial land sales for $174.2M in Q4; full year land revenue $532.0M.
- Exchanged $623.5M of 7.875% notes for $100M cash + $523.5M new 10.5% notes due Jan 2028 (participation >99%).
- Cash $353.8M; liquidity $478.8M; debt-to-cap 24.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000014/0001574197-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000014/fph-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001574197-24-000014

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