trending Market Intelligence /marketintelligence/en/news-insights/trending/Lz1WodSs3GJ0GeghCMrTMQ2 content esgSubNav
In This List

Granite Point Mortgage Trust to offer convertible senior notes

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Dealmaking slumps; rate hikes hammer gold; transaction banking revenues jump

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Banking Essentials Newsletter: September 14th Edition


Granite Point Mortgage Trust to offer convertible senior notes

Granite Point Mortgage Trust plans to offer up to $125 million aggregate principal amount of convertible senior notes due 2022 in a private offering to institutional buyers.

The company expects to grant the initial purchasers an option to buy up to another about $18.8 million of the notes.

The notes, which will mature in December 2022, will be unsecured, will pay interest semiannually and will be convertible at the option of the holder into common shares.

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