Stinson Advises Granite Point in $125 Million Rule 144A Offering of Convertible Debt
Stinson Leonard Street LLP served as lead counsel to Granite Point Mortgage Trust Inc. in its $125 million private offering of 5.625% convertible senior notes due 2022 to qualified institutional buyers pursuant to Rule 144A.
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.
More information on the transaction is available on the Granite Point website.