Brief: Five Point Operating Company Entered Into A First Amendment To Its Amended And Restated Credit Agreement

Five Point Holdings LLC

24/05/2024 23:22

May 24 (Reuters) - Five Point Holdings LLC  FPH.N :
    * FIVE POINT HOLDINGS LLC: ON MAY 22, FIVE POINT OPERATING
COMPANY
ENTERED INTO A FIRST AMENDMENT TO ITS AMENDED AND RESTATED
CREDIT AGREEMENT
    * FIVE POINT HOLDINGS LLC: AMENDMENT AMENDS OPERATING
COMPANY'S
$125 MILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY
    * FIVE POINT HOLDINGS LLC: AMENDMENT EXTENDS MATURITY DATE
FOR
$100 MILLION OF COMMITMENTS UNDER REVOLVING CREDIT FACILITY FROM
APRIL 2026 TO JULY 2027
    * FIVE POINT HOLDINGS LLC: REMAINING $25 MILLION COMMITMENT
IS NOT
BEING EXTENDED PURSUANT TO AMENDMENT AND WILL MATURE IN APRIL
2026
    * FIVE POINT HOLDINGS-AMENDMENT PROVIDES ACCORDION FEATURE
THAT
ALLOWS OPERATING CO TO INCREASE MAXIMUM COMMITMENTS UNDER CREDIT
FACILITY UP TO $150 MILLION

Source text for Eikon:  ID:n0001193125-24-147060 
Further company coverage:  FPH.N 

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