Granite Construction Announces Redemption of $273.3 Million in Convertible Senior Notes Due 2028

Granite Construction Incorporated has announced the redemption of all outstanding $273.3 million principal amount of its 3.75% Convertible Senior Notes due 2028, with the redemption date set for August 10, 2026. Noteholders have the option to convert their notes before August 6, 2026. The settlement amount for converted notes will be determined over an 'Observation Period' expected to conclude on August 10, 2026, unless further market disruptions occur.