Martin Marietta Materials, Inc. (NYSE:MLM) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement

On December 5, 2016, Martin Marietta Materials, Inc. (the
Corporation) entered into a Credit Agreement with JPMorgan Chase
Bank, N.A., as Administrative Agent, Wells Fargo Bank, N.A.,
Branch Banking and Trust Company, SunTrust Bank, and Deutsche
Bank Securities Inc., as Co-Syndication Agents, and the lenders
party thereto (the Credit Agreement), which provides for a
$700,000,000 five-year senior unsecured revolving facility (the
Revolving Facility). Borrowings under the Revolving Facility bear
interest, at the Corporations option, at rates based upon LIBOR
or a base rate, plus, for each rate, a margin determined in
accordance with a ratings-based pricing grid.The Revolving
Facility replaces the Corporations existing Credit Agreement,
dated as of November 9, 2013, with JPMorgan Chase Bank, N.A., as
Administrative Agent, Wells Fargo Bank, N.A., Branch Banking and
Trust Company, and SunTrust Bank, as Co-Syndication Agents, and
the lenders party thereto (the Existing Credit Agreement). The
Existing Credit Agreement had provided for a term loan and a
revolving facility under which $210,937,500 and $0, respectively,
were outstanding prior to entering into the Revolving
Facility.The Revolving Facility expires on December 5, 2021, with
any outstanding principal amounts, together with interest accrued
thereon, due in full on that date.The Credit Agreement requires
the Corporations ratio of consolidated debt to consolidated
earnings before interest, taxes, depreciation, depletion and
amortization (EBITDA), as defined, for the trailing twelve month
period (the Ratio) to not exceed 3.5x as of the end of any fiscal
quarter, provided that the Corporation may exclude from the Ratio
debt incurred in connection with certain acquisitions for a
period of four quarters so long as the Ratio calculated without
such exclusion does not exceed 3.75x.Additionally, if there are
no amounts outstanding under both the Revolving Facility and the
Corporations accounts receivable securitization facility,
consolidated debt will be reduced for purposes of the calculation
of the Ratio by the Corporations cash and cash equivalents in
excess of $50,000,000, such reduction not to exceed $200,000,000.

The Credit Agreement is filed as Exhibit 10.01 hereto and is
incorporated herein by reference, and the description of the
Credit Agreement contained herein is qualified in its entirety by
the terms of the Credit Agreement.

Item 1.02.Termination of a Material Definitive Agreement

The information required by Item 1.02 is included under Item 1.01
Entry into a Material Definitive Agreement and that information
is incorporated herein by reference.

Item 2.03.Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information required by Item 2.03 is included under Item 1.01
Entry into a Material Definitive Agreement and that information
is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

About Martin Marietta Materials, Inc. (NYSE:MLM)

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand and gravel) for the construction industry, used for the construction of infrastructure, non-residential, and residential projects. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Company conducts its Aggregates business through three segments: the Mid-America Group, Southeast Group, and West Group. The Company’s Cement business operates through the Cement segment. The Company’s Magnesia Specialties segment includes its magnesia-based chemicals and dolomitic lime businesses. Its Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. Its Cement business is engaged in producing Portland and specialty cements. In addition, aggregates products are used for railroad ballast and in agricultural, utility and environmental applications.

Martin Marietta Materials, Inc. (NYSE:MLM) Recent Trading Information

Martin Marietta Materials, Inc. (NYSE:MLM) closed its last trading session up +2.23 at 227.52 with 476,225 shares trading hands.