Form 8-K · Current report
Martin Marietta Materials 8-K, filed Aug 18, 2026
- Filed
- CIK
- 0000916076
- Accession no.
- 0000950157-26-000922
Summary
Martin Marietta Materials entered into a $1.5 billion five-year senior unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent, replacing its existing credit agreement dated December 21, 2021, under which no borrowings were outstanding. The agreement requires a maximum leverage ratio of 3.75:1.00, with temporary step-ups to 4.75:1.00 and then 4.25:1.00 for the fiscal quarters following the closing of Martin Marietta's previously announced acquisition of Lhoist North America.
Key points
- The Revolving Facility expires August 18, 2031, with outstanding principal and accrued interest due in full on that date.
- Borrowings bear interest, at the company's option, at rates based on Term SOFR or a base rate plus a margin set by a ratings-based pricing grid.
- The leverage ratio may be calculated excluding debt incurred for certain acquisitions for four quarters, provided the ratio without that exclusion does not exceed 4.25:1.00.
- When no amounts are outstanding under the facility and the accounts receivable securitization facility, consolidated debt is reduced by cash and cash equivalents up to $500 million for leverage ratio purposes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement On August 18, 2026, Martin Marietta Materials, Inc. (the “Corporation”) entered into a Credit Agreement with JPMorgan Chase Bank, N.A. (“JPMCB”), as administrative agent, and the lenders and issuing lenders party thereto (the “Credit Agreement”), which provides for a $1,500,000,000 five-year senior unsecured revolving facility (the “Revolving Facility”). Borrowings under the Revolving Facility bear interest, at the Corporation’s option, at rates based upon Term SOFR or a base rate, plus, for each rate, a margin determined in accordance with a ratings-based pricing grid. …
An excerpt of the text as filed with the SEC, cut for length.
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