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Wednesday, 07/24/2019 11:29:10 AM

Wednesday, July 24, 2019 11:29:10 AM

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Five Point Announces Proposed Offering by Five Point Operating Company, LP of an Additional $100 Million of 7.875% Senior Notes due 2025 (7/23/19)

IRVINE, Calif.--(BUSINESS WIRE)--Five Point Holdings, LLC (“Five Point”) (NYSE: FPH) today announced that Five Point Operating Company, LP, through which Five Point owns all of its assets and conducts all of its operations (the “issuer”), and Five Point Capital Corp., a wholly owned subsidiary of the issuer (the “co-issuer” and together with the issuer, the “issuers”), plan to offer, subject to market and other conditions, an additional $100 million aggregate principal amount of their 7.875% Senior Notes due 2025 (the “new notes”). The new notes will constitute a further issuance of the issuers’ existing 7.875% Senior Notes due 2025 issued in November 2017 in an aggregate principal amount of $500 million.

The issuer intends to use proceeds of the new notes for general corporate purposes, which may include pursuing commercial investment opportunities at its communities.

The new notes and related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The new notes may not be offered or sold within the United States or to U.S. persons, except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A and to certain persons in offshore transactions in reliance on Regulation S.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities, in any jurisdiction in which such offer, solicitation or sale is unlawful.

https://www.businesswire.com/news/home/20190723005533/en/

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