debt
confidence high
sentiment neutral
materiality 0.50
Granite Point Mortgage Trust amends JPMorgan repurchase facility: max amount $651M, maturity extended to July 2028
Granite Point Mortgage Trust Inc.
- Maximum facility amount increased to $651 million.
- Maturity extended to July 28, 2028, with three 364-day extension options (final maturity no later than July 28, 2031).
- Financial covenants modified: 'Unrestricted Cash' and 'Minimum Tangible Net Worth' adjusted.
- Guarantee amended; recourse limited to 25% of senior mortgage loans and 100% of other purchased assets, with full recourse triggers.
- Amendment effective July 28, 2026; structuring fee paid.