Granite Point Mortgage Trust Inc.: amends JPMorgan repurchase facility to $727,000,000

What happened Granite Point Mortgage Trust Inc. filed an 8-K stating that on Sep 30, 2026, GP Commercial JPM LLC, a wholly owned subsidiary of the Company, entered into an amendment (the “MRA Amendment”) to the Amended and Restated Uncommitted Master Repurchase Agreement with JPMorgan Chase Bank, National Association, and the Company entered into a Letter Amendment to the Second Amended and Restated Guarantee Agreement (the “Guarantee Amendment”) in favor of JPMorgan. The filing says the Facility Amendments increase the maximum facility amount to $727,000,000, modify principal payment waterfall mechanics for certain newly added purchased assets, and modify the facility’s “Minimum Interest Expense Coverage Ratio” financial covenant.

Key details

• Effective date: Sep 30, 2026.
• Parties: GP Commercial JPM LLC and JPMorgan Chase Bank, National Association; Granite Point Mortgage Trust Inc. acknowledged and agreed to the Guarantee Amendment.
• New maximum facility amount: $727,000,000.
• Changes: modification of principal payment waterfall mechanics for newly added purchased assets and modification of the Minimum Interest Expense Coverage Ratio covenant. The filing states the newly added purchased assets were previously financed under the Company’s repurchase facilities with Citibank, N.A. and Morgan Stanley Bank, N.A.

Why it may matter The filing reports Item 1.01 (entry into a material definitive agreement) and Item 2.03 (creation of a direct financial obligation) relating to amendments to the Company’s repurchase facility with JPMorgan. The filing does not show why the insider traded or why the company acted.