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Granite Point Mortgage Trust announces pricing of private notes offering

Granite Point Mortgage Trust Inc. has announced the pricing of $125 million of 5.625% convertible senior notes due Dec. 1, 2022, in a private offering.

The company granted the initial purchasers an option to buy up to an additional about $18.8 million of the notes. The offering is expected to close on or about Dec. 12.

Granite Point plans to use the net proceeds to originate and acquire target assets and for general corporate purposes.