secwatch / observer
8-K filed April 25, 2023, 7:59 PM ET ticker GPMT CIK 0001703644
debt confidence high sentiment neutral materiality 0.45

Granite Point Mortgage Trust Inc. (GPMT): debt financing — Granite Point extends Morgan Stanley repurchase facility to $475M, term to June 2024

Granite Point Mortgage Trust Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Granite Point Mortgage Trust Inc. amended credit facility of $475,000,000 with Morgan Stanley Bank, N.A. at Not specified maturing June 28, 2024.

Instrument
credit facility
Principal
$475,000,000
Counterparty
Morgan Stanley Bank, N.A.
Rate
Not specified
Maturity
June 28, 2024
Event
amendment
Exact text from the filing
On April 24, 2023, GP Commercial MS LLC, a wholly owned subsidiary of Granite Point Mortgage Trust Inc., entered into an amendment (the “Amendment”) to that certain previously disclosed Master Repurchase and Securities Contract Agreement, dated as of February 18, 2016, with Morgan Stanley Bank, N.A. The Amendment, among other things, (i) extends the facility’s termination date to June 28, 2024, and (ii) adjusts the maximum facility amount to $475 million.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Granite Point Mortgage Trust Inc. amended Twelfth Amendment to Master Repurchase and Securities Contract Agreement with Morgan Stanley Bank, N.A. and GP Commercial MS LLC valued at Four Hundred Seventy Five Million Dollars ($475,000,000.00) (effective 2023-04-24).

Action
amendment
Agreement
credit facility
Counterparty
Morgan Stanley Bank, N.A. and GP Commercial MS LLC
Value
Four Hundred Seventy Five Million Dollars ($475,000,000.00)
Effective
2023-04-24
Exact text from the filing
THIS TWELFTH AMENDMENT TO MASTER REPURCHASE AND SECURITIES CONTRACT AGREEMENT (this “ Amendment ”), dated as of April 24, 2023, is entered into by and between MORGAN STANLEY BANK, N.A., a national banking association, as buyer (together with its successors and assigns “ Buyer ”), and GP COMMERCIAL MS LLC (f/k/a TH Commercial MS II, LLC), a Delaware limited liability company, as seller (“ Seller ”).
View on SEC.gov

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Granite Point Mortgage Trust Inc. filing history →

Source: SEC EDGAR
accession 0001703644-23-000069
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