Granite Construction Incorporated 3.75% 15-MAY-2028Granite Construction Incorporated 3.75% 15-MAY-2028Granite Construction Incorporated 3.75% 15-MAY-2028

Granite Construction Incorporated 3.75% 15-MAY-2028

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Key terms


Outstanding amount
‪373.75 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
3.75% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
−18.01%
Maturity date
May 15, 2028
Term to maturity
3 years

About Granite Construction Incorporated 3.75% 15-MAY-2028


Sector
Industrial Services
Industry
Engineering & Construction
Issue date
May 14, 2024
FIGI
BBG01GKTY3P6
Granite Construction, Inc. is a holding company. It operates as an infrastructure contractor and a construction materials company in the United States. It operates through the following segments: Construction and Materials. The Construction segment is involved in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public. It also focuses on water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies. The company also constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar, and power projects. The Materials segment is involved in the production of aggregates and asphalt for internal use, as well as for sale to third parties. In addition, it offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. The company was founded in 1922 and is headquartered in Watsonville, CA.
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