other material
confidence high
sentiment neutral
materiality 0.25
GPMT amends Citibank repurchase facility, expands indebtedness definition to include preferred equity
Granite Point Mortgage Trust Inc.
- Entered into First Amendment to Amended and Restated Master Repurchase Agreement with Citibank, N.A. on September 30, 2022.
- Amendment expands definition of 'Indebtedness' to include Preferred Equity and trust preferred securities.
- Seller and guarantor reaffirmed all representations, warranties, and obligations under existing transaction documents.
- No new borrowing or changes to facility size; amendment effective upon execution by all parties.