---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-250653"
form_type: "8-K"
ticker: "VMC"
cik: "0001396009"
company_name: "Vulcan Materials CO"
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T05:54:49.373768+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Vulcan Materials enters $2B delayed draw term loan facility for Wake Stone acquisition

## Summary
- $2.0 billion 2-year delayed draw term loan facility entered on Nov 4, 2024, to fund Wake Stone Corp. acquisition.
- Revolving credit facility amended; maturity extended to Nov 4, 2029, with two one-year extension options.
- Financial covenant: max debt/EBITDA ratio of 3.50:1 (4.00:1 for four quarters after material acquisitions).
- Interest on term loan: Term SOFR + 1.000%-1.625% or base rate + 0.000%-0.625%, based on credit ratings.
- Net availability under revolving facility approx. $1,504.8M after $95.2M in standby letters of credit.

## SEC filing metadata
- accession: 0001193125-24-250653
- form_type: 8-K
- ticker: VMC
- cik: 0001396009
- company_name: Vulcan Materials CO
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1396009/000119312524250653/0001193125-24-250653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1396009/000119312524250653/d904968d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-250653
- JSON: https://secwatch.observer/filing/0001193125-24-250653.json
- Plain text: https://secwatch.observer/filing/0001193125-24-250653.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.