Martin Marietta Materials Inc.
Martin Marietta Materials Enters Sixteenth Amendment to Credit Agreement
Summary
On September 18, 2024, Martin Marietta Materials, Inc., and its subsidiary, Martin Marietta Funding LLC, entered into the Sixteenth Amendment to their Credit and Security Agreement with Truist Bank, dated as of April 19, 2013. The amendment extended the scheduled maturity date to September 17, 2025, and removed a 0.10% per annum adjustment to Adjusted Term SOFR. The Credit Agreement is a $400,000,000 trade receivables securitization facility, subject to certain conditions, which may be increased to $500,000,000. The amendment is filed as an exhibit and is incorporated by reference.
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Exhibits (1)
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About Martin Marietta Materials Inc.
Martin Marietta Materials Inc. is a leading supplier of building materials, primarily aggregates like crushed stone, sand, and gravel, as well as cement and concrete products in the United States. Its primary purpose is to support the construction industry by providing essential raw materials used in infrastructure projects, commercial and residential construction, and the development of public works like roads, bridges, and airports. Martin Marietta Materials is heavily involved in sectors such as construction, transportation, and energy, where its products are critical for foundational building and maintenance. The company plays a significant role in regional and national economic development, given the essential nature of its offerings in the construction and infrastructure sectors. With a broad geographic footprint and a diverse product line, Martin Marietta Materials holds a strategic position within the market, contributing to the durability and growth of urban and rural communities alike.
Official SEC Documents
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