---
schema_version: "secwatch.filing_event.v1"
accession: "0001703644-23-000110"
form_type: "8-K"
ticker: "GPMT"
cik: "0001703644"
company_name: "Granite Point Mortgage Trust Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:40:44.653275+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GPMT expands JPMorgan repurchase facility by up to $100M with 18-month term

## Summary
- Maximum facility amount increased to $425M plus any Additional Advance Maximum Amount.
- Additional Advance Amounts of up to $100M available for up to 18 months (including 6-month extension option).
- Amendments modify minimum interest expense coverage covenant and set recourse level for Additional Advances.
- Guarantor must maintain at least $100M in unrestricted cash during Additional Advance Cash Sweep Periods.
- Amendment fee of $250,000 paid by subsidiary GP Commercial JPM LLC.

## SEC filing metadata
- accession: 0001703644-23-000110
- form_type: 8-K
- ticker: GPMT
- cik: 0001703644
- company_name: Granite Point Mortgage Trust Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000110/0001703644-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000110/gpmt-20231012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703644-23-000110
- JSON: https://secwatch.observer/filing/0001703644-23-000110.json
- Plain text: https://secwatch.observer/filing/0001703644-23-000110.txt

## Key facts
- Material Agreements
  Granite Point Mortgage Trust Inc. amended Amendment No. 11 to Master Repurchase Agreement with JPMorgan Chase Bank, National Association (effective 2023-10-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, National Association
  - Effective: 2023-10-12
  source text: AMENDMENT NO. 11 TO MASTER REPURCHASE AGREEMENT, dated as of October 12, 2023 (this “Amendment”), between GP COMMERCIAL JPM LLC (f/k/a TH COMMERCIAL JPM LLC) (“ Seller ”), a Delaware limited liability company, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a national banking association (the “ Buyer ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000110/0001703644-23-000110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.