Issuer:
|
Martin Marietta Materials, Inc. | |
Aggregate Principal Amount:
|
$300,000,000 | |
Security Type:
|
Fixed Rate Senior Notes | |
Maturity:
|
April 15, 2018 | |
Coupon (Interest Rate):
|
6.60% | |
Issue Price (Price to Public):
|
99.929% | |
Yield to maturity:
|
6.61% | |
Spread to Benchmark Treasury:
|
2.95%; 295 bps | |
Benchmark Treasury:
|
3.50% due February 15, 2018 | |
Benchmark Treasury Spot and Yield:
|
98-22; 3.66% | |
Interest Payment Dates:
|
April 15 and October 15, commencing October 15, 2008 | |
Day Count Convention:
|
30/360 | |
Denominations:
|
$2,000 x $1,000 | |
Redemption:
|
At any time at the greater of 100% and the make-whole amount (the present value of principal and the remaining interest discounted at the Treasury Rate plus 45 basis points) | |
Change of Control Offer:
|
As described in the preliminary prospectus supplement, dated April 16, 2008 | |
Trade Date:
|
April 16, 2008 | |
Settlement Date:
|
April 21, 2008 (T+3) | |
Net Proceeds Before Underwriting
Discount and Expenses:
|
$299,787,000 | |
CUSIP:
|
573284AK2 | |
ISIN:
|
US573284AK25 | |
Anticipated Ratings:
|
Baa1 (Moodys); BBB+ (S&P) | |
Joint Book-Running Managers:
|
J.P. Morgan Securities Inc. Banc of America Securities LLC Wachovia Capital Markets, LLC |
|
Co-Managers:
|
BB&T Capital Markets, a division of Scott & Stringfellow, Inc. Wells Fargo Securities, LLC Citigroup Global Markets Inc. |