Granite prices $600M senior notes at 6.375% to redeem 2028 convertible notes

Filed May 19, 2026 · Period ending May 18, 2026 · ~1 min read

Key Changes

• high

  Priced $600M senior notes at 6.375% due 2034, closing June 2, 2026, guaranteed by domestic subsidiaries under existing credit facility

  Exhibit 99.1 verify on EDGAR →
• high

  Will use proceeds plus cash and capped call payments to redeem all outstanding 3.75% convertible notes due 2028 (market value ~$827M based on $138.55 stock price)

  Exhibit 99.1 verify on EDGAR →
• high

  Expects most 2028 noteholders to convert upon redemption; may settle conversions partially in stock to reduce cash outlay

  Exhibit 99.1 verify on EDGAR →