Martin Marietta Materials Enters Material Agreement, Incurs Obligation

Ticker: MLM · Form: 8-K · Filed: 2024-12-20T00:00:00.000Z

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

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.

From the Filing

0000950157-24-001697.txt : 20241220 0000950157-24-001697.hdr.sgml : 20241220 20241220161201 ACCESSION NUMBER: 0000950157-24-001697 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241220 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241220 DATE AS OF CHANGE: 20241220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARTIN MARIETTA MATERIALS INC CENTRAL INDEX KEY: 0000916076 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 561848578 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12744 FILM NUMBER: 241568057 BUSINESS ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 BUSINESS PHONE: 919-781-4550 MAIL ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 8-K 1 form8-k.htm CURRENT REPORT falseMARTIN MARIETTA MATERIALS INC000091607600009160762023-11-202023-11-20falseMARTIN MARIETTA MATERIALS INC000091607600009160762023-12-212023-12-21 false Martin Marietta Materials Inc. 0000916076 4123 PARKLAKE AVE RALEIGH NYSE 0000916076 2024-12-20 2024-12-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 20, 2024 Martin Marietta Materials, Inc. (Exact name of registrant as specified in its charter) North Carolina (State or other jurisdiction of incorporation) 001-12744 (Commission File Number) 56-1848578 (IRS. Employer Identification No.) 4123 Parklake Avenue Raleigh , North Carolina (Address of principal executive offices)   27612 (Zip Code) Registrant’s telephone number, including area code: 919 781-4550 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common Stock, $.01 par value per share MLM The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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

View on Read The Filing