---
schema_version: "secwatch.filing_event.v1"
accession: "0001703644-24-000128"
form_type: "8-K"
ticker: "GPMT"
cik: "0001703644"
company_name: "Granite Point Mortgage Trust Inc."
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:40:37.278350+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GPMT renegotiates repurchase-facility covenants; lowers tangible net worth floor to $600M

## Summary
- Minimum Tangible Net Worth reduced to $600M plus 75% of net equity proceeds after Sep 30, 2024.
- Interest coverage ratio requirement drops to 1.10x for Q4 2024, then steps up to 1.30x by 2026.
- Amendments cover three repurchase facilities with Morgan Stanley, JPMorgan, and Citibank.
- Modifications signal lender concessions amid rising interest expense and potential earnings pressure.

## SEC filing metadata
- accession: 0001703644-24-000128
- form_type: 8-K
- ticker: GPMT
- cik: 0001703644
- company_name: Granite Point Mortgage Trust Inc.
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703644/000170364424000128/0001703644-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703644/000170364424000128/gpmt-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703644-24-000128
- JSON: https://secwatch.observer/filing/0001703644-24-000128.json
- Plain text: https://secwatch.observer/filing/0001703644-24-000128.txt

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