Financing ·
Granite Construction settled $273.7 million in outstanding Convertible Senior Notes due 2028 by issuing 662,383 shares…
GVAGranite Construction Inc
Granite Construction settled $273.7 million in outstanding Convertible Senior Notes due 2028 by issuing 662,383 shares of common stock and paying approximately $715 million in cash on August 12, 2026. This settlement followed the company's redemption call issued on May 19, 2026. To fund part of the cash payment, Granite Construction terminated its capped call transactions with financial institutions on August 4, 2026, receiving approximately $148 million from counterparties on August 11, 2026. The company operates in the construction materials and infrastructure industry.