Granite Point Mortgage Trust Inc. (GPMT) Form 8-K — Aug 3, 2026
Granite Point Mortgage Trust Inc. announced that its subsidiary, GP Commercial JPM LLC, entered into amendments with JPMorgan Chase Bank to its existing uncommitted master repurchase agreement. The amendments increase the maximum facility amount to $651 million and extend the maturity date to July 2028, with options for three additional one-year extensions that could push the final maturity to July 2031. The facility amendments also adjust the principal payment waterfall mechanics and modify financial covenants related to Unrestricted Cash and Minimum Tangible Net Worth.
Key figures
- Debt Amount
- $651,000,000
- Maturity Date
- July 28, 2028
- Extension options
- Three 364-day periods
- Final maturity date
- July 28, 2031
- Maximum facility amount
- $651,000,000
Price after filing
Close on the filing date to close N calendar days later (from $1.45). Historical, not a forecast.
AI analysis
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