The Firm recently represented the underwriters, led by the joint book-running managers including J.P. Morgan Securities LLC, in connection with a registered offering by Martin Marietta Materials, Inc. (“Martin Marietta”) of $700 million aggregate principal amount of its 0.65% Senior Notes due 2023, $900 million aggregate principal amount of its 2.4% Senior Notes due 2031 and $900 million aggregate principal amount of its 3.2% Senior Notes due 2051. The net proceeds from the offering are expected to be used to finance, in part, the previously announced acquisition of the Lehigh West Region Business. The closing of the offering occurred on July 2, 2021.
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 26 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 David Azarkh, Jieun Lim and Dov Gottlieb (Capital Markets); Jonathan Cantor and Eli Shalam (Tax); Mike Isby (Environmental); Larry Moss (Executive Compensation and Employee Benefits); Genevieve Dorment (IP); and Andrew Pagliughi (FINRA and Blue Sky). Summer associate J. Carr Gamble also provided valuable assistance.