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)
(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 8‐K filing
is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
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 Sec on 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b) of the Act:
Item 1.01. Entry into a Material Definitive Agreement
On September 23, 2020, Martin Marietta Materials, Inc., (the
“Corporation”) and its wholly‐owned
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, one‐month
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
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.
