Five Point Holdings Enters Material Definitive Agreement
Ticker: FPH · Form: 8-K · Filed: May 24, 2024 · CIK: 1574197
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
Five Point Holdings just signed a big deal, filing an 8-K for it.
AI Summary
On May 22, 2024, Five Point Holdings, LLC entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The specific details of the agreement and the financial implications are not fully disclosed in the provided text.
Why It Matters
This filing indicates a significant new contract or partnership for Five Point Holdings, which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which suggests a significant event, but the lack of specific details about the agreement's terms and financial impact introduces uncertainty.
Key Players & Entities
- Five Point Holdings, LLC (company) — Registrant
- 2000 FivePoint, 4th Floor, Irvine, California 92618 (location) — Principal executive offices address
- May 22, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Five Point Holdings, LLC?
The provided text states that Five Point Holdings, LLC entered into a Material Definitive Agreement on May 22, 2024, but does not specify the nature or terms of this agreement.
What are the key financial terms or dollar amounts associated with this Material Definitive Agreement?
The provided text does not contain any specific dollar amounts or financial terms related to the Material Definitive Agreement.
Are there any named parties other than Five Point Holdings, LLC involved in this Material Definitive Agreement?
The provided text does not mention any other parties involved in the Material Definitive Agreement.
What is the significance of the 'Financial Statements and Exhibits' mentioned in the filing?
The filing indicates that financial statements and exhibits are included, likely to provide supporting documentation for the Material Definitive Agreement, but their specific content is not detailed in the provided excerpt.
Does this filing provide any updated financial outlook or guidance for Five Point Holdings, LLC?
The provided text does not offer any updated financial outlook or guidance for Five Point Holdings, LLC; it only reports the entry into a material definitive agreement.
Filing Stats: 694 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-05-24 16:15:55
Key Financial Figures
- $125 million — mendment amends the Operating Company's $125 million senior unsecured revolving credit facil
- $100 million — r things, extends the maturity date for $100 million of the commitments under the Revolving
- $25 million — April 2026 to July 2027. The remaining $25 million commitment is not being extended pursua
- $150 m — der the Revolving Credit Facility up to $150 million, subject to certain conditions, i
Filing Documents
- d51732d8k.htm (8-K) — 26KB
- d51732dex101.htm (EX-10.1) — 82KB
- 0001193125-24-147060.txt ( ) — 242KB
- fph-20240522.xsd (EX-101.SCH) — 3KB
- fph-20240522_lab.xml (EX-101.LAB) — 18KB
- fph-20240522_pre.xml (EX-101.PRE) — 11KB
- d51732d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 First Amendment to Amended and Restated Credit Agreement, dated as of May 22, 2024, by and among Five Point Operating Company, LP, Zions Bancorporation, N.A. dba California Bank & Trust, as administrative agent and as a lender, and Comerica Bank, JPMorgan Chase Bank, N.A. and Citibank, N.A., as lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned duly authorized. Date: May 24, 2024 FIVE POINT HOLDINGS, LLC By: /s/ Michael Alvarado Name: Michael Alvarado Title: Chief Operating Officer, Chief Legal Officer, Vice President and Secretary 3