secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001703644-23-000110
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000110/0001703644-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000110/gpmt-20231012.htm
  HTML page:      https://secwatch.observer/filing/0001703644-23-000110

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