Granite Point Mortgage Trust Inc. (GPMT) disclosed on September 30, 2026, that its subsidiary, GP Commercial JPM LLC, entered into an amendment to an existing Master Repurchase Agreement with JPMorgan Chase Bank, National Association.
The amendment, effective September 30, 2026, increases the maximum facility amount to $727.0 million. The company also entered into a separate amendment to its Second Amended and Restated Guarantee Agreement with JPMorgan.
According to the filing, the Facility Amendments modify the principal payment waterfall mechanics for certain newly added purchased assets. These assets were previously financed under separate repurchase facilities with Citibank, N.A. and Morgan Stanley Bank, N.A.
The amendments also modify the facility’s "Minimum Interest Expense Coverage Ratio" financial covenant.
