Martin Marietta signs USD 1.5 billion five-year revolving credit facility with JPMorgan Chase Bank

Reuters2026/08/18 21:01

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Martin Marietta entered a new Credit Agreement on Aug. 18, 2026 for a USD 1.5 billion five-year senior unsecured revolving facility.
JPMorgan Chase Bank serves as administrative agent for the Revolving Facility, which replaces the company’s December 2021 revolving credit agreement.
Maturity set for Aug. 18, 2031, with any outstanding principal and accrued interest due in full on that date.
Borrowings accrue interest at Term SOFR or a base rate, with a ratings-based margin.
Leverage Ratio covenant capped at 3.75x, with temporary step-ups tied to the planned Lhoist North America acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Martin Marietta Materials Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950157-26-000922), on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Martin Marietta signs USD 1.5 billion five-year revolving credit facility with JPMorgan Chase Bank

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