Martin Marietta Materials, Inc., founded in 1993 and headquartered in Raleigh, North Carolina, is one of the leading suppliers of aggregates and heavy building materials in the United States. The company primarily operates in the production and marketing of crushed stone, sand, gravel, and other construction materials, servicing a diverse customer base across the infrastructure, commercial, and residential sectors.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Martin Marietta began issuing bonds in 1995, with its inaugural bond offering aimed at supporting its expansion efforts. Notably, in 2020, the company issued $600 million in senior unsecured notes, which were well received in the market and indicated robust investor confidence; the notes offered a yield of 3.5%, competitive within the industry landscape. As of October 2023, Martin Marietta's bond offerings have maintained solid credit ratings, underpinned by its strong market position and consistent cash flow, with no special features on the latest issuances.