Martin Marietta extends $400M receivables facility to Sept 2024; lenders reshuffled

MARTIN MARIETTA MATERIALS INC

Fifteenth Amendment extends maturity of $400M trade receivables securitization to Sept 19, 2024.
Interest rate changed to Adjusted Term SOFR plus 0.700%.
PNC, Gotham Funding and MUFG assigned interests to Truist, Regions and First-Citizens.
Certain trade receivables classes and originating subsidiaries removed from the facility.
Facility may be increased up to $500M subject to lender commitments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARTIN MARIETTA MATERIALS INC amended Fifteenth Amendment with Truist Bank valued at $400,000,000 (effective 2023-09-20).

Action: amendment
Agreement: credit facility
Counterparty: Truist Bank
Value: $400,000,000
Effective: 2023-09-20

Exact text from the filing

subsidiary, Martin Marietta Funding LLC (“MM Funding”), entered into the Fifteenth Amendment (the “Fifteenth Amendment”) to its Credit and Security Agreement with Truist Bank, successor by merger to SunTrust Bank (the “Administrative Agent”), dated

View on SEC.gov

271 material agreements filed in the last 30 days. Browse all material agreements →

MARTIN MARIETTA MATERIALS INC filing history →

Source: SEC EDGAR

accession 0000950157-23-000976

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.