Martin Marietta Materials Enters Material Agreement, Incurs Obligation
Ticker: MLM · Form: 8-K · Filed: Dec 20, 2024 · CIK: 916076
| Field | Detail |
|---|---|
| Company | Martin Marietta Materials INC (MLM) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $800,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: MLM
TL;DR
MMT just signed a big deal and took on debt. Details TBD.
AI Summary
On December 20, 2024, Martin Marietta Materials, Inc. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates the company entered into a significant agreement and incurred a financial obligation, though specific details of the agreement and obligation are not provided in this summary.
Why It Matters
This filing signals a significant financial event for Martin Marietta Materials, potentially impacting its debt structure, operational capacity, or strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries financial risk that needs further investigation.
Key Players & Entities
- Martin Marietta Materials, Inc. (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
- North Carolina (location) — State of incorporation
- 001-12744 (other) — Commission File Number
- 56-1848578 (other) — IRS Employer Identification No.
- 4123 Parklake Avenue Raleigh (location) — Address of principal executive offices
- 27612 (other) — Zip Code
FAQ
What is the nature of the material definitive agreement entered into by Martin Marietta Materials?
The filing states that a material definitive agreement was entered into, but the specific terms and nature of this agreement are not detailed in the provided text.
What is the direct financial obligation incurred by Martin Marietta Materials?
The filing confirms the creation of a direct financial obligation, but the specific details, amount, and terms of this obligation are not disclosed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on December 20, 2024.
Where is Martin Marietta Materials, Inc. incorporated?
Martin Marietta Materials, Inc. is incorporated in North Carolina.
What is the principal executive office address for Martin Marietta Materials, Inc.?
The principal executive office address is 4123 Parklake Avenue, Raleigh, North Carolina, 27612.
Filing Stats: 613 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-12-20 16:12:01
Key Financial Figures
- $800,000,000 — in the Amendment) to the Corporation's $800,000,000 five-year senior unsecured revolving cr
Filing Documents
- form8-k.htm (8-K) — 28KB
- ex10-1.htm (EX-10.1) — 784KB
- 0000950157-24-001697.txt ( ) — 1083KB
- mlm-20241220.xsd (EX-101.SCH) — 4KB
- mlm-20241220_lab.xml (EX-101.LAB) — 21KB
- mlm-20241220_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
01 Entry into a Material
Item 1.01 Entry into a Material Definitive Agreement On December 20, 2024, Martin Marietta Materials, Inc. (the "Corporation") entered into a Loan Modification No. 3 and Extension Agreement (the "Amendment") with JPMorgan Chase Bank, N.A. ("JPMCB") and the Lenders (as defined in the Amendment) to the Corporation's $800,000,000 five-year senior unsecured revolving credit facility with JPMCB, as administrative agent, Deutsche Bank Securities Inc., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents and the lenders party thereto (the "Credit Agreement"). The Amendment amends the Credit Agreement to, among other things, extend the maturity date of the loans advanced under the Credit Agreement to December 21, 2029. The full text of the Amendment is filed as Exhibit 10.1 hereto and is incorporated herein by reference. The description of the Amendment and Credit Agreement contained herein are qualified in their entirety by the terms of the Amendment and the Credit Agreement.
03 Creation of a Direct
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information required by Item 2.03 is included under Item 1.01 "Entry into a Material Definitive Agreement" and that information is incorporated herein by reference.
01 Financial Statements and
Item 9.01 Financial Statements and Exhibits (d) Exhibits 10.1 Loan Modification No. 3 and Extension Agreement dated as of December 20, 2024 among the Corporation, the Lenders (as defined in the Amendment) and JPMCB. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 20, 2024 MARTIN MARIETTA MATERIALS, INC. By: /s/ Roselyn R. Bar Name: Roselyn R. Bar Title: Executive Vice President, General Counsel and Corporate Secretary