Martin Marietta announced two financing actions to support its pending acquisition of Lhoist North America. The company arranged a $1.5 billion three-year unsecured term loan facility led by JPMorgan Chase Bank to fund a portion of the purchase price and related costs. Separately, it amended its $800 million unsecured revolving credit facility to temporarily increase maximum leverage ratios following closing, stepping down over six quarters before returning to longer-term levels. Together, these moves enhance liquidity and provide flexibility during deal closing and integration.
Agreement 1: Martin Marietta Arranges $1.5 Billion Three-Year Unsecured Term Loan for Lhoist Acquisition
- Agreement type: Three-year senior unsecured term loan facility ($1.5 billion)
- Counterparty: JPMorgan Chase Bank, as administrative agent, and lenders
- Signed / Effective: Jul 15 2026 / Jul 15 2026
- Duration / Termination: 3 years
- Reason: Finance Lhoist North America acquisition and related costs
Agreement 2: Martin Marietta Amends $800 Million Revolving Credit Pact to Temporarily Raise Leverage Limits
- Agreement type: Amendment to five-year unsecured revolving credit facility ($800 million)
- Counterparty: JPMorgan Chase Bank, as administrative agent, and lenders
- Signed / Effective: Jul 10 2026 / Jul 10 2026
- Duration / Termination: 5 years (existing facility)
- Reason: Align leverage covenant with pending acquisition financing
Original SEC Filing:
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