Five Point’s $450M Senior Notes Offering

The $450 million offering of 8.000% Senior Notes due 2030 was successfully completed, enabling Five Point to refinance higher-cost debt, extend its maturity profile, and enhance its long-term financial flexibility. The transaction further strengthened Five Point's capital structure while reinforcing Zelman's role as a trusted capital markets advisor to leading companies across the housing industry.

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^{Zelman Partners LLC ("Zelman"), a registered broker-dealer and a member of FINRA/SIPC, served as Co-Manager on the transaction described above. This case study is provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, nor does it constitute investment, legal, or tax advice. Zelman & Associate’s equity research department maintains independent research coverage on Five Point Holdings (NYSE: FPH). This case study was prepared by Zelman's investment banking personnel, not by research analysts, and does not represent the views, ratings, or price targets of Zelman's research department. Zelman maintains information barriers between its research and investment banking functions designed to prevent investment banking activities from influencing research content, consistent with FINRA Rule 2241. Past transactions are not indicative of future results. This case study reflects publicly available information as of the date of the transaction.}