Martin Marietta prices $1.5B dual-tranche senior note offering at 5.150% and 5.500%

MARTIN MARIETTA MATERIALS INC

$750M 5.150% Senior Notes due 2034 at 99.266% of par; $750M 5.500% Senior Notes due 2054 at 98.006% of par.
Net proceeds used to repay all borrowings under revolving credit facility and trade receivables securitization; remainder for general corporate purposes, including acquisitions.
Offering expected to close November 4, 2024; joint book-runners: Deutsche Bank, J.P. Morgan, Truist, PNC, Wells Fargo.
Interest payable semiannually starting June 1, 2025; issued under effective shelf registration statement on Form S-3.

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