Granite Point Mortgage Trust Inc. Enters Material Agreement

Ticker: GPMT-PA · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1703644

Granite Point Mortgage Trust Inc. 8-K Filing Summary
FieldDetail
CompanyGranite Point Mortgage Trust Inc. (GPMT-PA)
Form Type8-K
Filed DateJun 27, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Key Dollar Amounts$0.01, $250 million
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation

Related Tickers: GPMT

TL;DR

GPMT signed a big deal, creating new financial obligations. Details in the filing.

AI Summary

On June 27, 2024, Granite Point Mortgage Trust Inc. entered into a material definitive agreement and created a direct financial obligation. The filing details the company's financial obligations and related exhibits.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Granite Point Mortgage Trust, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

  • Granite Point Mortgage Trust Inc. (company) — Registrant
  • June 27, 2024 (date) — Date of Report

FAQ

What type of material definitive agreement did Granite Point Mortgage Trust Inc. enter into?

The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation, but the specific nature of the agreement is not detailed in the provided text.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is June 27, 2024.

What is Granite Point Mortgage Trust Inc.'s state of incorporation?

Granite Point Mortgage Trust Inc. is incorporated in Maryland.

What is the IRS Employer Identification Number for Granite Point Mortgage Trust Inc.?

The IRS Employer Identification Number for Granite Point Mortgage Trust Inc. is 61-1843143.

What is the business address of Granite Point Mortgage Trust Inc.?

The business address is 3 Bryant Park, Suite 2400A, New York, NY 10036.

Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-06-27 16:15:05

Key Financial Figures

  • $0.01 — ch registered: Common Stock, par value $0.01 per share GPMT NYSE 7.00% Series A Fix
  • $250 million — adjusts the maximum facility amount to $250 million. The foregoing description of the Ame

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Morgan Stanley Repurchase Facility On June 26, 2024, GP Commercial MS LLC, a wholly owned subsidiary of Granite Point Mortgage Trust Inc., entered into an amendment (the "Amendment") to that certain previously disclosed Master Repurchase and Securities Contract Agreement, dated as of February 18, 2016, with Morgan Stanley Bank, N.A. The Amendment, among other things, (i) extends the facility's termination date to June 28, 2025, (ii) adjusts the payment waterfall and (iii) adjusts the maximum facility amount to $250 million. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment which is filed herewith as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Thirteenth Amendment to Master Repurchase and Securities Contract Agreement, dated as of June 26, 2024, by and between Morgan Stanley Bank, N.A., and GP Commercial MS LLC . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) *Certain schedules and similar attachments have been omitted in reliance on Instruction 4 of Item 1.01 of Form 8-K and Item 601(a)(5) of Regulation S-K.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GRANITE POINT MORTGAGE TRUST INC. By: /s/ MICHAEL J. KARBER Michael J. Karber General Counsel and Secretary Date: June 27, 2024

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