On December 22, 2022, Martin Marietta Materials, Inc. entered into a Loan Modification No. 1 and Extension Agreement with JPMorgan Chase Bank, N.A. (JPMCB) and the Lenders (as defined in the Amendment) to the Corporation's $800,000,000 five-year senior unsecured revolving credit facility with JPMCB, as administrative agent, Deutsche Bank Securities Inc., PNC Bank, National Association, Truist Bank, and Wells Fargo Bank, National Association as co-syndication agents and the lenders party thereto (the Credit Agreement). The Amendment amends the Credit Agreement to, among other things, (i) extend the maturity date of the loans advanced under the Credit Agreement to December 21, 2027, and (ii) replace the London InterBank Offered Rate LIBOR with the Secured Overnight Financing Rate SOFR as the interest rate benchmark.
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5-day change | 1st Jan Change | ||
610.4 USD | +1.20% | +3.28% | +22.35% |
May. 08 | Albemarle Signs Deal to Deliver Kings Mountain Mine's Limestone Byproduct to Martin Marietta Materials | MT |
May. 02 | Stephens Raises Martin Marietta Materials Price Target to $700 From $675 | MT |
EPS Revisions
1st Jan change | Capi. | |
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+22.35% | 37.63B | |
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+19.85% | 35.98B | |
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+11.67% | 17.16B | |
+0.08% | 11.44B | |
+5.59% | 7.13B | |
+18.66% | 4.45B |
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- Martin Marietta Materials, Inc Enters into Loan Modification No. 1 and Extension Agreement with JPMorgan Chase Bank, N.A