secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001104659-22-066550
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point amends Citi repo facility; adds swingline, extends to May 2025
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- Amended Master Repurchase Agreement with Citibank adds swingline for short-term CRE loan financing.
- Benchmark rate on all borrowings converted to Term SOFR.
- Facility expiration extended from prior date to May 25, 2025.
- Guaranty amended to increase maximum liability on swingline borrowings to 100%.
- Existing agreement void and replaced; outstanding obligations deemed under new terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000110465922066550/0001104659-22-066550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000110465922066550/tm2217155d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-066550

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