GRANITE CONSTRUCTION INC - 8-K Filing
Granite Construction announced a private offering of $600 million in senior notes due 2034 to redeem its outstanding $827.3 million aggregate principal amount of 3.75% Convertible Senior Notes due 2028, which are estimated based on the May 15 closing stock price of $138.55 per share. The company expects holders will convert their notes in connection with the redemption and plans to settle conversions partially in cash ($~$120/share) or shares as needed. (Items: 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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