debt
confidence high
sentiment neutral
materiality 0.75
Martin Marietta prices $5.5B multi-tranche senior notes to fund Lhoist acquisition
MARTIN MARIETTA MATERIALS INC
- $5.5B aggregate principal across five tranches: $750M 4.850% 2029, $1.25B 5.200% 2032, $1.0B 5.400% 2034, $1.5B 5.625% 2036, $1.0B 6.375% 2056.
- Net proceeds, plus $1.5B term loan, to pay cash consideration for Lhoist North America acquisition.
- Priced Aug 11, 2026; expected closing Q3 2026 with customary conditions.
- Underwriters: Goldman Sachs, J.P. Morgan, Deutsche Bank, Truist Securities.
- Notes issued at 99.936% to 99.660% of par; semiannual interest payments.