Financing ·
Granite Point Mortgage Trust Inc. amended its repurchase facilities with Morgan Stanley and Citibank to modify…
GPMTGranite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc. amended its repurchase facilities with Morgan Stanley and Citibank to modify financial covenants and adjust payment waterfall mechanics. The Morgan Stanley amendment extends the facility's termination date to June 28, 2027, and modifies the Unrestricted Cash and Minimum Tangible Net Worth covenants. The Citibank amendment modifies the Unrestricted Cash and Minimum Tangible Net Worth financial covenants. Granite Point Mortgage Trust Inc. operates in the mortgage-backed securities and real estate finance industry.