Granite Construction enters unwind agreements for capped calls on $273.7M convertible notes due 2028

GRANITE CONSTRUCTION INC

Entered Unwind Agreements on Aug 4, 2026 to terminate capped call transactions linked to 3.75% Convertible Senior Notes due 2028.
Capped Call Counterparties will pay cash based on VWAP of common stock over 5-day averaging period starting Aug 4.
Settlement of Unwind Agreements expected Aug 11; proceeds used with cash on hand to settle note conversions on Aug 12.
Notes were called for redemption on May 19, 2026; aggregate principal $273.7M.

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