Granite Point Mortgage Trust Inc.
10/17/2025 | Press release | Distributed by Public on 10/17/2025 14:46
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On October 14, 2025, GP Commercial JPM LLC, a wholly-owned subsidiary of Granite Point Mortgage Trust Inc. (the "Company"), entered into an amendment (the "MRA Amendment") to that certain previously disclosed Master Repurchase and Securities Contract Agreement (as amended from time to time, the "MRA"), dated as of December 3, 2015, with JPMorgan Chase Bank, National Association ("JPMorgan"). The MRA Amendment, among other things, extends the "Additional Advance Termination Date" (as defined in the MRA) to April 12, 2026, subject to various terms, conditions and restrictions.
In connection with the MRA Amendment, on October 14, 2025, the Company entered into an amendment (the "Guaranty Amendment") to that certain Amended and Restated Guarantee Agreement, dated as of June 28, 2017, with JPMorgan. The Guaranty Amendment, among other things, clarifies certain mechanics in connection with the repayment of all "Additional Advances" outstanding under the MRA.
The foregoing descriptions of the MRA Amendment and the Guaranty Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the MRA Amendment and the Guaranty Amendment, which are filed herewith as Exhibits 10.1 and 10.2, respectively, and are 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.
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