Granite Point Mortgage Trust Proposes Private Offering of Convertible Senior Notes


NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced today that it plans to offer, subject to market and other conditions, up to $125 million aggregate principal amount of convertible senior notes due 2022 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The company also expects to grant the initial purchasers of the offering an option to purchase up to an additional $18.75 million aggregate principal amount of the Notes.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point intends to elect and qualify to be taxed as a REIT. Granite Point is headquartered in New York, New York, and is externally managed by Pine River Capital Management L.P.

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