The Firm recently represented the underwriters, led by the joint book-running managers including Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, in connection with a registered offering by Martin Marietta Materials, Inc. (“Martin Marietta”) of $750 million aggregate principal amount of its 5,150% Senior Notes due 2034 and $750 million aggregate principal amount of its 5.500% Senior Notes due 2054. The net proceeds from the offering are expected to be used to repay certain existing indebtedness and for general corporate purposes. The closing of the offering occurred on November 4, 2024. To date, Simpson Thacher has represented the underwriters in connection with approximately $6.5 billion of debt and equity financings by Martin Marietta since 2017.
Martin Marietta, a member of the S&P 500 Index, 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 28 states, Canada and the Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta’s Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications.
The Simpson Thacher team for the transaction included Dave Azarkh, Neil Patel and Leandra Kede Yomo (Capital Markets); Jonathan Cantor and Jiha Min (Tax); Mike Isby (Environmental); Pasco Struhs (Executive Compensation and Employee Benefits); Abram Ellis and Anais Bourbon (Regulatory); and Andrew Pagliughi (FINRA and Blue Sky).