Granite Construction Inc

NYSE:GVAUnited States

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• Granite Construction Incorporated Prices $325 Million Convertible Senior Notes Offering, from 2 hours ago by Business Wire

  2 hours ago by Business Wire
  Companies Mentioned: GVA

  Granite Construction Incorporated (NYSE: GVA) ("Granite") today announced the pricing of its previously announced offering of $325 million aggregate principal amount of 3.25% Convertible Senior Notes due 2030 (the "Convertible Notes"). In connection with the offering of the Convertible Notes, Granite granted the initial purchasers of the Convertible Notes the right to purchase up to an additional $48.75 million aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on June 11, 2024, subject to customary closing conditions.

• Granite Construction Incorporated Prices $325 Million Convertible Senior Notes Offering, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: GVA
  
  In connection with the issuance of the 2024 notes, Granite entered into convertible note hedge transactions (the "existing convertible note hedge transactions") with certain financial institutions (the "existing counterparties"), and Granite also entered into separate warrant transactions (the "existing warrant transactions") with the existing counterparties. In connection with the 2024 notes repurchases, Granite entered into partial unwind agreements (the "Unwind Agreements") with the existing counterparties, concurrently with the offering, to unwind a corresponding portion of the existing convertible note hedge transactions and the existing warrant transactions (collectively, the "Unwind Transactions"). In connection with the Unwind Transactions and pursuant to the Unwind Agreements, Granite will receive approximately 261,000 shares of Granite's common stock in respect of the unwind of the portions of the existing convertible note hedge transactions and the existing warrant transactions that correspond to the 2024 notes repurchases.
  

• Granite Construction Plans $325 Million Debt Offering, Sets Redemption of Notes Due 2024, from 8 hours ago by MT Newswires

  8 hours ago by MT Newswires
  Companies Mentioned: GVA
  05:23 PM EDT, 06/06/2024 (MT Newswires) -- Granite Construction (GVA) said Thursday it plans to raise $325 million from an offering of convertible senior notes due 2030. The company said it expects to grant initial purchasers an option to buy an add...

• Granite Construction Incorporated Announces Proposed Offering of $325 Million of Convertible Senior Notes Due 2030, from 10 hours ago by Business Wire

  10 hours ago by Business Wire
  Companies Mentioned: GVA

  Granite Construction Incorporated (NYSE: GVA) ("Granite") today announced that it intends to offer, subject to market and other conditions, $325 million in aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes"). In connection with the offering of the Convertible Notes, Granite expects to grant the initial purchasers of the Convertible Notes an option to purchase up to an additional $48.75 million aggregate principal amount of Convertible Notes.

• Granite Construction Incorporated Announces Proposed Offering of $325 Million of Convertible Senior Notes Due 2030, from 10 hours ago by Dow Jones

  10 hours ago by Dow Jones
  Companies Mentioned: GVA
  
  Concurrently with the pricing of the offering of the Convertible Notes, Granite expects to repurchase up to $15 million of its common stock from purchasers of the Convertible Notes in privately negotiated transactions effected with or though one of the initial purchasers of the Convertible Notes or its affiliate. Granite expects the purchase price per share of its common stock in such transactions to equal the closing price per share of its common stock on the date of pricing the offering of the Convertible Notes. These repurchases could increase (or reduce the size of any decrease in) the market price of Granite's common stock or the Convertible Notes concurrently with the pricing of the Convertible Notes, and could result in a higher effective initial conversion price of the Convertible Notes.