GRANITE CONSTRUCTION INC 8K

Granite Construction Incorporated plans a $600 million private senior notes offering due 2034 to refinance its 2028 convertible notes and potentially pay down revolver borrowings and for general corporate purposes.

On May 18, 2026, Granite Construction Incorporated announced a planned private offering of $600 million aggregate principal amount of senior notes due 2034, to be guaranteed on an unsecured basis by certain domestic subsidiaries, with the net proceeds, along with cash on hand and amounts received from unwinding capped call transactions, expected to be used primarily to redeem and/or settle conversions of its outstanding 3.75% Convertible Senior Notes due 2028 (estimated market value of approximately $827.3 million based on recent stock prices), and any remaining funds to repay borrowings under its revolving credit facility and for general corporate purposes, subject to market conditions and customary closing conditions.

Filing Facts

CIK

861459

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-017523

Alert Tier

7