Martin marietta announces pricing terms of debt offering

Raleigh, n.c., oct. 31, 2024 (globe newswire) -- martin marietta materials, inc. (nyse:mlm) (“martin marietta” or the “company”) announced today the pricing of its offering of $750 million aggregate principal amount of 5.150% senior notes due 2034 (the “2034 notes”) and $750 million aggregate principal amount of 5.500% senior notes due 2054 (the “2054 notes” and, together with the 2034 notes, the “notes”). the 2034 notes will mature on december 1, 2034, will have an interest rate of 5.150% per annum and will be issued at 99.266% of par value. the 2054 notes will mature on december 1, 2054, will have an interest rate of 5.500% per annum and will be issued at 98.006% of par value. interest on each series of notes will be paid semiannually on june 1 and december 1, commencing june 1, 2025. the notes will be sold pursuant to martin marietta's shelf registration statement, base prospectus and prospectus supplement on file with the securities and exchange commission (“sec”).
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