Martin Marietta extends $500 million trade receivables securitization facility with Truist to Sept. 2027
MLM•Default-related trigger
The agreement includes an amortization trigger tied to payment default or acceleration under one of the company’s material debt agreements.
Facility extension and terms
Martin Marietta Materials amended its $500 million trade receivables securitization facility under a Credit and Security Agreement with Truist Bank.
The maturity was extended to Sept. 15, 2027 under an Eighteenth Amendment signed Sept. 15, 2026.
Borrowings are priced at Adjusted Term SOFR + 0.7%, subject to a fallback if SOFR cannot be determined or no longer reflects lenders’ costs.
The facility can be increased to up to $700 million, subject to conditions including lender commitments.
