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Five Point units close $50M additional senior notes offering

Five Point Holdings' operating partnership and its unit closed an additional offering of $50.0 million of their 7.875% senior notes due 2025.

The new notes were added to the recent issuance of the issuers' existing 7.875% senior notes due 2025 worth $450.0 million.

Proceeds from the issuance of both the new and existing notes will be used for general business purposes, including development activities at the company's communities.