secwatch.observer — SEC 8-K summary
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Issuer:     Five Point Holdings, LLC (FPH)
CIK:        0001574197
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001574197-24-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Point Q1 net income $6.1M; sold 82 homesites for $74.6M; notes exchange reduces debt $100M
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- Consolidated revenues $9.9M, net income $6.1M; net income attributable to company $2.3M.
- Great Park Venture sold 82 homesites on 11.6 acres for $74.6M; company received $23.9M distribution.
- Exchanged $623.5M of 7.875% senior notes for $100M cash + $523.5M new 10.5% notes due 2028.
- S&P upgraded outlook to stable; corporate rating to B-; senior notes rating to B.
- Cash and equivalents $232.7M; liquidity $357.7M; debt-to-capital ratio 20.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000060/0001574197-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574197/000157419724000060/fph-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001574197-24-000060

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