Martin Marietta issued 5.150% Senior Notes due 2034 and 5.500% Senior Notes due 2054 in aggregate principal amounts of $750 million each, dated November 4, 2024.

1. 01

   Martin Marietta issued 5.150% Senior Notes due 2034 and 5.500% Senior Notes due 2054 in aggregate principal amounts of $750 million each, dated November 4, 2024.

2. 02

   The company said the 2034 Notes mature on December 1, 2034 and the 2054 Notes mature on December 1, 2054. Interest is payable semiannually on June 1 and December 1, starting June 1, 2025.

3. 03

   The company said it used part of the net proceeds of the notes to repay in full all borrowings outstanding under its revolving credit facility and trade receivables securitization facility. It said the remaining net proceeds will be used for general corporate purposes, which may include financing acquisitions, land purchases and other capital needs.

4. 04

   The company said it may redeem the 2034 Notes at a spread of 15 basis points and the 2054 Notes at a spread of 20 basis points over the Treasury Rate before the Par Call Date, among other terms. It said it must offer to repurchase the notes at 101% of principal upon a Change of Control Repurchase Event.

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Original filing

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