Martin Marietta Announces Pricing Terms of Debt Offering

RALEIGH, N.C., March 05, 2020 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) announced today the pricing of its offering of $500 million aggregate principal amount of 2.500% Senior Notes due 2030 (the “Senior Notes”). The Senior Notes will mature on March 15, 2030, will have an interest rate of 2.500% and will be issued at 98.864% of par value. Interest on the Senior Notes will be paid semiannually on March 15 and September 15, commencing September 15, 2020. The Senior 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”).

The net proceeds of the offering are expected to be used for general corporate purposes, which will include, among other things, repayment at maturity of Martin Marietta’s existing floating rate notes due May 2020. Closing of the offering is expected to occur on March 16, 2020, subject to the satisfaction of customary closing conditions.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and SunTrust Robinson Humphrey, Inc. will serve as underwriters and joint book-running managers for the offering.

Martin Marietta has filed a shelf registration statement on Form S-3 (including a base prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the prospectus supplement thereto and the other documents that Martin Marietta has filed or will file with the SEC for more complete information about Martin Marietta and this offering. The offering will be made only pursuant to the terms of the relevant prospectus supplement (including the prospectus). These documents will be available at no charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, these documents will be made available upon request to any underwriter participating in the offering. Interested parties may obtain a prospectus and the related prospectus supplement from Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attn: Prospectus Group by telephone at [phone] or by email at [e-mail]; and J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Disk—3^rd Floor or by telephone at [phone].