{"schema_version":"secwatch.filing_event.v1","accession":"0000861459-25-000037","form_type":"8-K","ticker":"GVA","cik":"0000861459","company_name":"GRANITE CONSTRUCTION INC","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.511350+00:00","generated_at":"2026-05-17T20:15:58.814654+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Granite Construction acquires Slats Lucas and Warren Paving for $540M, funded by $600M term loan","bullets":["Acquired all equity of Slats Lucas (MS LLC) and Warren Paving (MS corp) for $540M, subject to customary closing adjustments.","Purchase financed with a new $600M senior secured term loan under a Fifth Amended and Restated Credit Agreement.","New credit facility includes a $600M revolver and up to $75M delayed-draw term loan; matures August 5, 2030.","Sellers include LMS of Hattiesburg, L.P., Steven M. Warren, and Melissa W. McGee; no material litigation disclosed.","Representation and warranty insurance policy obtained; Sellers' indemnification subject to escrow and limitations."],"urls":{"canonical":"https://secwatch.observer/filing/0000861459-25-000037","json":"https://secwatch.observer/filing/0000861459-25-000037.json","markdown":"https://secwatch.observer/filing/0000861459-25-000037.md","text":"https://secwatch.observer/filing/0000861459-25-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/0000861459-25-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/gva-20250805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:15:58.814654+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae7062750533923ef476fe8bf0d34e20bc9d0297","claim":"GRANITE CONSTRUCTION INC incurred revolving credit of $600.0 million with Bank of America, N.A. at SOFR plus an applicable margin initially of 1.75%.","evidence_excerpt":"to, among other things, provide for (1) a $600.0 million senior secured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/0000861459-25-000037-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$600.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"SOFR plus an applicable margin initially of 1.75%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b983548736434ddda2a13ac3c05b78f569f9f096","claim":"GRANITE CONSTRUCTION INC incurred term loan of $75.0 million with Bank of America, N.A. at SOFR plus an applicable margin initially of 1.75%.","evidence_excerpt":"credit facility (the “Revolver”), (2) a $600.0 million senior secured term loan (the “Initial Term Loan”) and (3) a senior secured term loan in an aggregate amount not to exceed $75.0 million (the “Delayed Draw Term Loan” and together with the Initial Term Loan, the “Term Loans”). The Delayed Draw Term Loan may be borrowed from the closing date of the A&R Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/0000861459-25-000037-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$75.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"SOFR plus an applicable margin initially of 1.75%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c818a4e41dcd8ff7284424826740e86bf3dec96e","claim":"GRANITE CONSTRUCTION INC incurred term loan of $600.0 million with Bank of America, N.A. at SOFR plus an applicable margin initially of 1.75%.","evidence_excerpt":"from the Sellers for $540.0 million, subject to customary closing adjustments (the “Transaction”). The purchase price was paid using a portion of the proceeds from a new $600.0 million senior secured term loan, as described further below. The Purchase Agreement contained customary representations, warranties and covenants made by each of the Sellers and the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/0000861459-25-000037-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"SOFR plus an applicable margin initially of 1.75%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}