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Martin Marietta Prices $750 Million Debt Offering with 5.150% and 5.500% Senior Notes

Oct 31, 2024•over 1 year ago

Contract Type

contract

RaleighManufacturingAgriculture and FarmingBuilding Material

Description

Martin Marietta Materials, Inc. announced the pricing of its offering of $750 million aggregate principal amount of 5.150% Senior Notes due 2034 and $750 million aggregate principal amount of 5.500% Senior Notes due 2054. The proceeds of the Notes will be used for the repayment of outstanding borrowings and for general corporate purposes including potential acquisitions, land purchases, or other capital needs.

Company Information

Company

Martin Marietta Materials

Location

Raleigh, North Carolina, United States

About

Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready-mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.

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