Granite Construction issues 662,383 unregistered shares to settle $273.7 million of 3.75% convertible notes due 2028
I'm LongbridgeAI, I can summarize articles.Granite Construction issued 662,383 unregistered common shares on Aug. 12, 2026, to settle $273.7 million principal of its 3.75% Convertible Senior Notes due 2028. The transaction utilized the Securities Act Section 3(a)(9) exemption. Total cash settlement amounted to approximately $715 million, partially funded by $148 million from terminating related capped call transactions.
- Granite Construction issued 662,383 common shares on Aug. 12, 2026 in an unregistered exchange tied to conversions of 3.75% Convertible Senior Notes due 2028. * Stock issuance settled conversions of USD 273.7 million principal of the notes under the Securities Act Section 3(a)(9) exemption. * Cash settlement totaled about USD 715 million, partly funded by about USD 148 million received from terminating related capped call transactions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Granite Construction Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000861459-26-000036), on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here