secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2026-05-18T21:37:52+00:00
Accession:  0001437749-26-017652
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction prices $600M of 6.375% senior notes due 2034 to refinance convertible notes
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- $600M aggregate principal, 6.375% senior notes due 2034; closing expected June 2, 2026.
- Proceeds to redeem all outstanding 3.75% convertible senior notes due 2028 (est. market value ~$827.3M).
- Capped call transactions from the 2028 notes will be unwound, providing additional cash proceeds.
- Remaining net proceeds may repay revolver borrowings and be used for general corporate purposes.
- Notes offered privately to QIBs under Rule 144A and offshore under Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000143774926017652/0001437749-26-017652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000143774926017652/gva20260516c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-017652

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