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 22, 2022



Martin Marietta Materials, Inc.
(Exact name of registrant as specified in its charter)



North Carolina
 
56-1848578
(State or other jurisdiction 001-12744
(IRS Employer
of incorporation) (Commission File Number) Identification No.)

4123 Parklake Avenue
 
Raleigh, North Carolina
 27612
(Address of principal executive offices) (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 22, 2022, Martin Marietta Materials, Inc. (the “Corporation”) entered into a Loan Modification No. 1 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 credit facility with JPMCB, as administrative agent, Deutsche Bank Securities Inc., PNC Bank, National Association, Truist Bank, and Wells Fargo Bank, National Association as co-syndication agents and the lenders party thereto (the “Credit Agreement”).

The Amendment amends the Credit Agreement to, among other things, (i) extend the maturity date of the loans advanced under the Credit Agreement to December 21, 2027, and (ii) replace the London InterBank Offered Rate “LIBOR” with the Secured Overnight Financing Rate “SOFR” as the interest rate benchmark.

The full text of the Amendment is filed as Exhibit 10.1 hereto and is incorporated herein by reference. The description of the First Amendment and Credit Agreement contained herein are qualified in their entirety by the terms of the First Amendment and the amended and restated Credit Agreement.

Item 2.03          Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information required by Item 2.03 is included under Item 1.01 “Entry into a Material Definitive Agreement” and that information is incorporated herein by reference.

Item 9.01          Financial Statements and Exhibits

(d) Exhibits
   
     
 
104
 
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
MARTIN MARIETTA MATERIALS, INC.
 
       
Date: December 22, 2022
By:
/s/ Roselyn R. Bar  
    Name: Roselyn R. Bar
 
    Title: Executive Vice President, General Counsel and Corporate Secretary