Martin Marietta Materials files Sixth Supplemental Indenture for Senior Notes
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- Establishes five new series of Senior Notes: 4.850% due 2029, 5.200% due 2032, 5.400% due 2034, 5.625% due 2036, and 6.375% due 2056.
- Details terms including interest rates, maturity dates, and redemption provisions for each note series.
- Outlines covenants related to limitations on liens and sale-leaseback transactions.
- Specifies conditions for a special mandatory redemption, including a 101% redemption price if an acquisition is not consummated by a certain date.
- Includes provisions for a Change of Control Repurchase Event at 101% of principal.
The company has executed a supplemental indenture to establish and issue five new series of senior notes totaling $6.5 billion, primarily to fund the acquisition of Lhoist North America.
2029 Notes Principal Amount: $750 million2029 Notes Interest Rate: 4.850% per annum2029 Notes Maturity Date: August 15, 20292032 Notes Principal Amount: $1,250 million2032 Notes Interest Rate: 5.200% per annum2032 Notes Maturity Date: January 30, 20322034 Notes Principal Amount: $1,000 million2034 Notes Interest Rate: 5.400% per annum