Loan & DebtAug 12, 2026, 06:56 AM
Martin Marietta Prices $5.5B Senior Notes Offering
AI Summary
Martin Marietta Materials, Inc. announced the pricing of a $5.5 billion aggregate principal amount of Senior Notes across five tranches with maturities ranging from 2029 to 2056 and interest rates from 4.850% to 6.375%. The net proceeds from this offering, combined with borrowings from a $1.5 billion senior unsecured term loan facility, will be used to finance the previously announced acquisition of Lhoist North America, Inc. The offering is expected to close in the third quarter of 2026, with Goldman Sachs, J.P. Morgan, Deutsche Bank, and Truist Securities serving as underwriters.
Key Highlights
- Martin Marietta priced $5.5 billion aggregate principal amount of Senior Notes.
- Includes $750 million of 4.850% Senior Notes due 2029.
- Includes $1,250 million of 5.200% Senior Notes due 2032.
- Includes $1,000 million of 5.400% Senior Notes due 2034.
- Includes $1,500 million of 5.625% Senior Notes due 2036.
- Includes $1,000 million of 6.375% Senior Notes due 2056.
- Net proceeds, plus a $1.5 billion term loan, will fund the Lhoist North America acquisition.
- Goldman Sachs, J.P. Morgan, Deutsche Bank, and Truist Securities are joint book-running managers.
Price Impact
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