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Granite Construction to redeem $273.3M of 3.75% convertible notes; conversion settlement mixes cash and stock

Granite Construction announced it has called $273.3 million of its 3.75% Convertible Senior Notes due 2028 for redemption on August 10, 2026.Key Highlights:Original SEC Filing: GRANITE CONSTRUCTION INC [ GVA ] - 8-K - Jul. 10, 2026This is an AI-powered summary. It may contain inaccuracies. Consider…

Granite Construction announced it has called $273.3 million of its 3.75% Convertible Senior Notes due 2028 for redemption on August 10, 2026.

Key Highlights:

Called $273.3M aggregate principal of 3.75% Convertible Senior Notes due 2028, redemption date August 10, 2026.
Holders may convert through close of business August 6, 2026; company will settle conversions Aug 12, 2026.
Conversions will be settled with cash up to $2,617.40 per $1,000 principal and shares for any remainder.
Market Disruption Events on July 9–10 mean the 50-day observation period (starting May 27) is expected to run through Aug 10, 2026.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.