Martin Marietta Announces Pricing Terms of Debt Offering
RALEIGH, N.C., June 21, 2021 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM ) ("Martin Marietta" or the "Company") announced today the pricing of its offering of $700 million aggregate principal amount of 0.650% Senior Notes due 2023 (the "2023 Notes"), $900 million aggregate principal amount of 2.400% Senior Notes due 2031 (the "2031 Notes") and $900 million aggregate principal amount of 3.200% Senior Notes due 2051 (the "2051 Notes" and, together with the 2023 Notes and the 2031 Notes, the "Notes"). The 2023 Notes will mature on July 15, 2023, will have an interest rate of 0.650% per annum and will be issued at 99.988% of par value. The 2031 Notes will mature on July 15, 2031, will have an interest rate of 2.400% per annum and will be issued at 99.937% of par value. The 2051 Notes will mature on July 15, 2051, will have an interest rate of 3.200% per annum and will be issued at 99.197% of par value. Interest on each series of Notes will be paid semiannually on January 15 and July 15, commencing January 15, 2022.
Martin Marietta Announces Pricing Terms of Debt Offering
RALEIGH, N.C., June 21, 2021 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM ) ("Martin Marietta" or the "Company") announced today the pricing of its offering of $700 million aggregate principal amount of 0.650% Senior Notes due 2023 (the "2023 Notes"), $900 million aggregate principal amount of 2.400% Senior Notes due 2031 (the "2031 Notes") and $900 million aggregate principal amount of 3.200% Senior Notes due 2051 (the "2051 Notes" and, together with the 2023 Notes and the 2031 Notes, the "Notes"). The 2023 Notes will mature on July 15, 2023, will have an interest rate of 0.650% per annum and will be issued at 99.988% of par value. The 2031 Notes will mature on July 15, 2031, will have an interest rate of 2.400% per annum and will be issued at 99.937% of par value. The 2051 Notes will mature on July 15, 2051, will have an interest rate of 3.200% per annum and will be issued at 99.197% of par value. Interest on each series of Notes will be paid semiannually on January 15 and July 15, commencing January 15, 2022.