Five Point Holdings, LLC announced the pricing of $450 million aggregate principal amount of 8.000% senior notes due 2030.
The new notes will be issued at par and guaranteed by the issuer's existing and future domestic subsidiaries.
Proceeds from the offering will be used to purchase and redeem existing notes.
Senior Notes Offering
Five Point announced the pricing of $450 million of 8.000% senior notes due 2030.
Guarantees
The notes will be guaranteed by the issuer's domestic subsidiaries, excluding Five Point.
Use of Proceeds
Proceeds will be used to purchase and redeem existing senior notes.
- The issuance of the notes will provide Five Point with additional capital for financial operations.
- The guaranteed notes offer security to investors through the backing of domestic subsidiaries.
The senior notes offering by Five Point Holdings will strengthen the company's financial position and aid in managing existing debt obligations effectively.