Granite construction incorporated announces closing of $325 million of convertible senior notes due 2028 and full exercise of initial purchasers' option to purchase additional $48.75 million of the convertible senior notes

Watsonville, calif.--(business wire)--granite construction incorporated (nyse: gva) (“granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.75% convertible senior notes due 2028 (the “convertible notes”) for gross proceeds of $373.75 million. the proceeds include the full exercise of the option by the initial purchasers to purchase an additional $48.75 million aggregate principal amount of the convertible notes granted by granite to the ini.
GVA Ratings Summary
GVA Quant Ranking