Martin Marietta Prices $5.5 Billion Debt Offering to Fund Lhoist North America Acquisition

Corporate Action
โดย GlobeNewswire·US·Read original
Summary · why it matters

Martin Marietta Materials has priced a $5.5 billion multi-tranche senior notes offering to help finance its acquisition of Lhoist North America. The offering consists of $750 million of 4.850% notes due 2029, $1.25 billion of 5.200% notes due 2032, $1 billion of 5.400% notes due 2034, $1.5 billion of 5.625% notes due 2036, and $1 billion of 6.375% notes due 2056. Net proceeds will be combined with borrowings under a $1.5 billion senior unsecured term loan to pay the cash consideration for the previously announced acquisition. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, and Truist Securities are acting as underwriters and joint book-running managers, with closing expected in the third quarter of 2026.

Impact on stocks 4

Financials▲ · 2 stocks
Materials▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 1

Lhoist GroupPrivate± Mixed
Capitalrelevance

Acquisition target; impact depends on deal completion

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