secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000861459-25-000037
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction acquires Slats Lucas and Warren Paving for $540M, funded by $600M term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/0000861459-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145925000037/gva-20250805.htm
  HTML page:      https://secwatch.observer/filing/0000861459-25-000037

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