The Firm recently represented the underwriters, led by the joint bookrunning managers including J.P. Morgan Securities LLC, in connection with a registered offering by Martin Marietta Materials, Inc. (“Martin Marietta”) of $500 million aggregate principal amount of its 2.5% Senior Notes due 2030. The net proceeds from the offering are expected to be used, in part, to repay at maturity Martin Marietta’s outstanding floating rate notes due 2020. The closing of the offering occurred on March 16, 2020.
Martin Marietta is an American-based company and a leading supplier of building materials, including aggregates, cement, ready-mixed concrete and asphalt. Through a network of operations spanning 27 states, Canada, the Bahamas and the Caribbean, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which communities thrive. Martin Marietta’s Magnesia Specialties business provides a full range of magnesia-based chemical products and dolomitic lime products.
The Simpson Thacher team for the transaction included Art Robinson, David Azarkh, Brian Mathes, Stephanie Rowan and Arielle Trapp (Capital Markets); Eli Shalam (Tax); Mike Isby (Environmental); Larry Moss and Jake Phillips (Executive Compensation and Employee Benefits); Abram Ellis and Joseph Betteley (Regulatory); and Andrew Pagliughi (FINRA and Blue Sky).