Granite Point Mortgage Trust announced amendments to two financing facilities. The company extended the termination date of its Morgan Stanley repurchase facility to June 28, 2027, while also adjusting principal payment waterfall mechanics and revising Unrestricted Cash and Minimum Tangible Net Worth covenants. Separately, the company amended its Citibank facility documents, including the guaranty, to update the same financial covenants. The changes are expected to support liquidity and align the company's covenant framework across lenders.
Agreement 1: Granite Point Mortgage Trust Extends Morgan Stanley Repurchase Facility to 2027, Modifies Covenants
- Agreement type: Amendment to Master Repurchase and Securities Contract and Guaranty
- Counterparty: Morgan Stanley
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: Through Jun 28 2027
- Reason: Extend liquidity and align covenants with current operations
Agreement 2: Granite Point Mortgage Trust Updates Citibank Repurchase Facility Covenants
- Agreement type: Amendment to Amended and Restated Guaranty and related facility documents
- Counterparty: Citibank
- Signed / Effective: Jun 30 2026 / same
- Reason: Enhance flexibility and align covenant framework
Original SEC Filing:
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