Granite construction incorporated announces proposed offering of $325 million of convertible senior notes due 2030

Watsonville, calif.--(business wire)--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.
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