Martin Marietta Enters $1.5 Billion Five-Year Revolving Credit Facility, Replacing 2021 Agreement
Martin Marietta entered into a $1.5 billion five-year senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, replacing its existing credit agreement dated December 21, 2021. The filing states that no borrowings were outstanding under the existing facility before the new agreement, and the new facility expires August 18, 2031. The filing also sets a leverage ratio covenant that steps up to 4.75 to 1.00 after the closing of the previously announced Lhoist North America acquisition, which gives the company more room under the covenant during that period.
Key points
- $1.5 billion senior unsecured revolving facility, dated August 18, 2026, with JPMorgan Chase Bank, N.A. as administrative agent
- Replaces the Existing Credit Agreement dated December 21, 2021; no borrowings were outstanding under it before the new facility
- Facility expires August 18, 2031; interest is based on Term SOFR or a base rate plus a ratings-based margin
- Maximum leverage ratio of 3.75 to 1.00, rising to 4.75 to 1.00 for the first three fiscal quarters after the Lhoist North America acquisition closes
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.