On September 15, 2026, Martin Marietta Materials, Inc. entered into the Eighteenth Amendment to its Credit and Security Agreement with Truist Bank, acting as the Administrative Agent. The amendment extends the scheduled maturity date of the facility to September 15, 2027.
The underlying Credit and Security Agreement is a $500,000,000 trade receivables securitization facility. The facility is backed by trade receivables originated by the Corporation or its subsidiaries, which are then sold or contributed to Martin Marietta Funding LLC, a wholly-owned subsidiary of the Corporation.
Subject to the satisfaction of certain conditions, including the provision of requisite commitments from lenders, the facility may be increased to an amount not to exceed $700,000,000. Effective with the Eighteenth Amendment, borrowings by Martin Marietta Funding LLC bear interest at Adjusted Term SOFR plus 0.700%. The agreement includes an amortization event related to a payment default or acceleration of one of the Corporation’s material debt agreements.
