Granite extends observation period for $273.3M convertible notes redemption due to market disruption

GRANITE CONSTRUCTION INC

Company called $273.3M of 3.75% Convertible Senior Notes due 2028 for redemption on August 10, 2026.
Market Disruption Event on July 9 and July 10, 2026 extends observation period through August 10, 2026.
Settlement of conversions expected on August 12, 2026; cash component up to $2,617.40 per $1,000 principal.
Holders may surrender notes for conversion until close of business on August 6, 2026.

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