{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-020086","form_type":"8-K","ticker":"GVA","cik":"0000861459","company_name":"GRANITE CONSTRUCTION INC","filed_at":"2024-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.163067+00:00","generated_at":"2026-06-01T04:57:25.414322+00:00","sec_items":["1.01","1.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Granite Construction issues $373.75M of 3.25% convertible notes due 2030; repurchases $30.2M of 2024 notes","bullets":["Net proceeds ~$365M; $46M used for capped call hedges, $57.6M to repurchase $30.2M of existing 2.75% 2024 notes.","Initial conversion price ~$77.88/share (30% premium to $59.91 close); cap price $119.82 (100% premium).","Interest rate 3.25% p.a., payable semiannually; maturity June 15, 2030; callable after June 21, 2027.","Remaining 2024 notes after repurchase ~$1.1M principal; remainder of proceeds for term loan repayment and general purposes.","Capped call transactions with Bank of America, Mizuho, Morgan Stanley, Nomura to offset potential dilution."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-020086","json":"https://secwatch.observer/filing/0001437749-24-020086.json","markdown":"https://secwatch.observer/filing/0001437749-24-020086.md","text":"https://secwatch.observer/filing/0001437749-24-020086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/861459/000143774924020086/0001437749-24-020086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/861459/000143774924020086/gva20240611_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:57:25.414322+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}