GRANITE CONSTRUCTION INC - 8-K Filing
Granite Construction issued $600 million in aggregate principal amount of 6.375% senior notes due 2034 on June 2, 2026 to redeem its outstanding $273.7 million 3.75% convertible senior notes due 2028 and settle conversions. The company expects a derivative liability of approximately $500 million from the accounting change triggered by this redemption election. (Items: 1.01 Entry into a Material Definitive Agreement Notes Offering On June 2, 2026, Granite Construction Incorporated (the “Company”) closed its offer, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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