Martin Marietta’s $1.4 Billion Registered Fixed and Floating Rate Senior Notes Offering

Cravath represented Martin Marietta Materials, Inc. in connection with its $1.4 billion registered fixed and floating rate senior notes offering.

Martin Marietta is a leading supplier of aggregates and heavy building materials for the construction industry. The company, led by C Howard Nye. Roselyn R Bar and James AJ Nickolas, in 2016 recorded $3.818 Billion Revenues. Proceeds of the offering will be used to finance Martin Marietta’s pending acquisition of Bluegrass Materials Company and refinance existing debt.

The transaction closed on December 20, 2017.

The Cravath team included partner Joseph D. Zavaglia (Picture) and associate Michael Zhang. Samuel A. Lifton also worked on this matter.

Simpson Thacher advised the Underwriters with a team including Art Robinson, David Azarkh, Nakita Cuttino, Matt Craine and Susan Wang (Capital Markets); Rob Holo and Christopher Murray (Tax); Mike Isby (Environmental); Larry Moss and Eric Wolf (Executive Compensation and Employee Benefits); and Andrew Pagliughi (FINRA and Blue Sky).

 

Involved fees earner: Joseph Zavaglia – Cravath Swaine & Moore; Michael Zhang – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Martin Marietta Materials, Inc.;

 

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Author: Ambrogio Visconti