Current Report Filing (8-k)
September 23 2020 - 4:16PM
Edgar (US Regulatory)
false000091607600009160762020-09-232020-09-23
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.
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