Filed Pursuant to Rule 433
Registration No. 333-238199
Issuer Free Writing Prospectus dated June 21, 2021
Relating to Preliminary Prospectus Supplement dated June 21, 2021
MARTIN MARIETTA MATERIALS, INC.
$700,000,000 0.650% Senior Notes due 2023
$900,000,000 2.400% Senior Notes due 2031
$900,000,000 3.200% Senior Notes due 2051
PRICING TERM SHEET
JUNE 21, 2021
This term sheet (this “Pricing Term Sheet”) relates only to the securities described below and is qualified in its entirety by reference to the preliminary prospectus supplement, dated June 21, 2021, of Martin Marietta Materials, Inc. (the “Preliminary Prospectus Supplement”). The information in this Pricing Term Sheet supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement only to the extent it is inconsistent with the information contained in the Preliminary Prospectus Supplement. Capitalized terms used but not defined herein have the meanings given to them in the Preliminary Prospectus Supplement.
0.650% SENIOR NOTES DUE 2023
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Issuer: | | Martin Marietta Materials, Inc. |
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Security: | | 0.650% Senior Notes due 2023 (the “2023 Notes”) |
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Principal Amount: | | $700,000,000 |
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Maturity Date: | | July 15, 2023 |
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Issue Price: | | 99.988% of principal amount, plus accrued interest, if any, from and including, July 2, 2021 |
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Benchmark Treasury: | | UST 0.125% due May 15, 2023 |
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Benchmark Treasury Price and Yield: | | 99-23 7/8 and 0.256% |
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Spread to Benchmark Treasury: | | Plus 40 basis points |
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Yield to Maturity: | | 0.656% |
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Coupon (Interest Rate): | | 0.650% |
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Interest Payment Dates: | | Semi-annually on January 15 and July 15, commencing on January 15, 2022 |
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Gross Proceeds to the Issuer: | | $699,916,000 |
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Optional Redemption: | | Prior to July 2, 2022 (one year after the date that the 2023 Notes are issued) (the “2023 Par Call Date”), make-whole call at any time at a discount rate of U.S. Treasury Rate plus 10 basis points (or 0.10%) On or after the 2023 Par Call Date, at any time at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption |
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Day Count Convention: | | 30/360 |
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CUSIP / ISIN: | | 573284 AY2 / US573284AY29 |