debt
confidence high
sentiment neutral
materiality 0.50
Granite Point Mortgage extends JPMorgan repurchase facility maturity to Oct 2025
Granite Point Mortgage Trust Inc.
- Amendment No. 12 to Master Repurchase Agreement with JPMorgan Chase dated Oct 29, 2024.
- Additional Advance Termination Date extended to October 12, 2025; company option to extend to April 12, 2026.
- Seller paid an amendment fee of $360,737.25 as a condition precedent.
- Repayment mechanics for Additional Advance funds modified; amortization payments due on specified dates.
- Granite Point Mortgage Trust Inc. acknowledged as Guarantor and remains bound under the Guarantee Agreement.