UUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) September 23, 2020



MARTIN MARIETTA MATERIALS INC
(Exact Name of Registrant as Specified in Its Charter)



North Carolina
 001-12744
 56-1848578
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
2710 WYCLIFF ROAD, RALEIGH, North Carolina
 27607
(Address of Principal Executive Offices)
(Zip Code)

(919) 781-4550
(Registrant’s Telephone Number, Including Area Code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8K 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 14a12 under the Exchange Act (17 CFR 240.14a12)
     
 

Precommencement communications pursuant to Rule 14d2(b) under the Exchange Act (17 CFR 240.14d2(b))
     
 

Precommencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e4(c))

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 12b2 of the Securities Exchange Act of 1934 (§ 240.12b2 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 Sec on 13(a) of the Exchange Act.

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $.01 par value per share
MLM
New York Stock Exchange




Item 1.01. Entry into a Material Definitive Agreement

On September 23, 2020, Martin Marietta Materials, Inc., (the “Corporation”) and its whollyowned subsidiary, Martin Marietta Funding LLC (“MM Funding”), entered into the Twelfth Amendment (the “Twelfth Amendment”) to its Credit and Security Agreement with Truist Bank, successor by merger to SunTrust Bank, dated as of April 19, 2013. Pursuant to the Twelfth Amendment, the scheduled maturity date of the facility was extended to September 22, 2021.

The Credit and Security Agreement is a $400,000,000 trade receivables securitization facility backed by trade receivables originated by the Corporation or by certain of its subsidiaries and acquired by the Corporation, which the Corporation then sells or contributes to MM Funding. MM Funding’s borrowings bear interest at (i) for loans funded by conduit lenders, the asset-backed commercial paper costs of the conduit lenders plus 0.850% and (ii) for all other loans, onemonth LIBOR plus 1.000%, subject to change in the event that LIBOR no longer reflects the lenders’ cost of lending.

The Credit and Security Agreement includes an amortization event related to a payment default or acceleration of one of the Corporation’s material debt agreements.

The Twelfth Amendment is filed as an exhibit hereto and is incorporated herein by reference, and the description of the Twelfth Amendment and the Credit and Security Agreement contained herein is qualified in its entirety by the terms thereof.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

10.01

104          Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES

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.
 
   
(Registrant)
 
       
       
       
 
Date: September 23, 2020
 
By:
 
  /s/ Roselyn R. Bar
 
   
Name:
  Roselyn R. Bar
 
   
Title:
  Executive Vice President, General
  Counsel and Corporate Secretary
 
       

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