Martin Marietta issues $5.5B in senior notes to fund Lhoist North America acquisition

MARTIN MARIETTA MATERIALS INC

Issued $750M 4.850% notes due 2029, $1.25B 5.200% due 2032, $1B 5.400% due 2034, $1.5B 5.625% due 2036, $1B 6.375% due 2056.
Net proceeds, with $1.5B term loan, to pay cash consideration for Lhoist North America acquisition.
Closing expected Q3 2026; special mandatory redemption at 101% if acquisition not consummated.
Notes are senior unsecured, not guaranteed by subsidiaries; structurally subordinated to subsidiary debt.
Interest semiannual; first payments Feb 15, 2027 (2029/2036/2056) and Jan 30, 2027 (2032/2034).

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