Granite Construction announces $600M senior notes offering to refinance convertible debt

Filed May 18, 2026 · Period ending May 18, 2026 · ~1 min read

Key Changes

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  Granite plans to offer $600M of senior notes due 2034 in a private placement to qualified institutional buyers, guaranteed by domestic subsidiaries participating in its existing credit facility.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Proceeds will redeem all outstanding 3.75% Convertible Senior Notes due 2028, which have an estimated market value of $827.3M based on the May 15, 2026 stock price of $138.55 per share.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
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  Granite expects substantially all 2028 note holders to convert rather than accept redemption; conversions will be settled with cash up to $2,617.41 per $1,000 principal ($120.00 per share equivalent), with excess paid in common stock.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →