debt
confidence high
sentiment neutral
materiality 0.50
Granite Point Mortgage Trust Inc. (GPMT): debt financing — GPMT extends JPMorgan repurchase facility termination date to April 2026
Granite Point Mortgage Trust Inc.
- Amendment No. 13 to Master Repurchase Agreement extends Additional Advance Termination Date to April 12, 2026.
- Granite Point paid a $471,000 amendment fee and added new eligible assets as Purchased Assets.
- Guaranty Amendment requires GPMT to maintain a $10M liquidity account while any Additional Advances are outstanding.
- GPMT agrees to limit new corporate-level recourse borrowing exceeding $50M unless proceeds repay Additional Advances.
- Amendment includes a Re-Draw Amount provision and clarifies repayment mechanics for Additional Advances.