Vulcan Materials Enters Definitive Agreement, Incurs Financial Obligation
Ticker: VMC · Form: 8-K · Filed: Nov 4, 2024 · CIK: 1396009
| Field | Detail |
|---|---|
| Company | Vulcan Materials Co (VMC) |
| Form Type | 8-K |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1, $2.0 billion, $1,504.8 m, $95.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: definitive-agreement, financial-obligation, exhibits
Related Tickers: VMC
TL;DR
Vulcan Materials just signed a big deal and took on new debt. Watch this space.
AI Summary
On November 4, 2024, Vulcan Materials Company entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing signals a significant financial commitment or agreement for Vulcan Materials, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce financial risks and operational changes that warrant close monitoring.
Key Players & Entities
- Vulcan Materials Company (company) — Registrant
- November 4, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Vulcan Materials Company?
The filing states that Vulcan Materials Company entered into a material definitive agreement, but the specific details of the agreement are not provided in this summary.
What type of financial obligation has Vulcan Materials Company incurred?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed here.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 4, 2024.
What is the principal executive office address for Vulcan Materials Company?
The principal executive office address for Vulcan Materials Company is 1200 Urban Center Drive, Birmingham, Alabama 35242.
What is the SIC code for Vulcan Materials Company?
The Standard Industrial Classification (SIC) code for Vulcan Materials Company is 1400, which corresponds to MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS).
Filing Stats: 997 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-11-04 16:31:01
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value VMC New York Stock Exchan
- $2.0 billion — in. The Credit Agreement provides for a $2.0 billion 2-year delayed draw term loan facility
- $1,504.8 m — lving Credit Agreement is approximately $1,504.8 million, reflecting utilization of $95.2
- $95.2 million — 04.8 million, reflecting utilization of $95.2 million used to provide support for outstanding
Filing Documents
- d904968d8k.htm (8-K) — 30KB
- d904968dex101.htm (EX-10.1) — 542KB
- d904968dex102.htm (EX-10.2) — 88KB
- 0001193125-24-250653.txt ( ) — 928KB
- vmc-20241104.xsd (EX-101.SCH) — 3KB
- vmc-20241104_lab.xml (EX-101.LAB) — 17KB
- vmc-20241104_pre.xml (EX-101.PRE) — 11KB
- d904968d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated November 4, 2024, among Vulcan Materials Company, Truist Bank, as Administrative Agent, and the Lenders and other parties named therein 10.2 Fifth Amendment to Credit Agreement, dated as of November 4, 2024, among Vulcan Materials Company, Truist Bank, as Administrative Agent, and the Revolving Credit Lenders and other parties named therein 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. VULCAN MATERIALS COMPANY Date: November 4, 2024 By: /s/ Denson N. Franklin III Name: Denson N. Franklin III Title: Senior Vice President, General Counsel and Secretary