The Firm recently represented underwriters, led by Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, in connection with a registered offering by Martin Marietta Materials, Inc. (“Martin Marietta”) of $300 million aggregate principal amount of its floating rate senior notes due 2020 and $300 million aggregate principal amount of its 3.45% senior notes due 2027. The net proceeds from the offering are expected to be used to refinance its existing floating rate notes set to mature on June 30, 2017 and to repay certain existing indebtedness. The closing of the offering occurred on May 22, 2017.
Martin Marietta is an American-based company and a leading supplier of building materials, including cement, ready mixed concrete and asphalt. Through a network of operations spanning 29 states, Canada, The Bahamas, and the Caribbean Islands, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Magnesia Specialties business provides a full range of magnesium oxide, magnesium hydroxide and dolomitic lime products.
The Simpson Thacher team for the transaction included Art Robinson, David Azarkh, Benjamin Heriaud and Jonathan Kovacs (Capital Markets); Christopher Murray (Tax); Mike Isby (Environmental); Larry Moss and Eric Wolf (Executive Compensation and Employee Benefits); and Andrew Pagliughi (FINRA and Blue Sky).