secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MARIETTA MATERIALS INC (MLM)
CIK:        0000916076
Form:       8-K
Filed at:   2026-07-15T20:09:13+00:00
Accession:  0000950157-26-000802
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Marietta enters $1.5B term loan to fund Lhoist North America acquisition
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- $1.5B three-year senior unsecured term loan facility entered on July 15, 2026.
- Proceeds to pay cash consideration for previously announced Lhoist North America acquisition.
- Revolving credit facility amended to allow higher leverage ratio (max 4.75x for first three quarters post-close).
- Term loan matures three years after funding, no amortization; interest based on SOFR/Base Rate plus margin.
- Leverage ratio covenant steps down from 4.75x to 4.25x to 3.75x over time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916076/000095015726000802/0000950157-26-000802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916076/000095015726000802/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-26-000802

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