Filed Pursuant to Rule 433
Registration No. 333-217991
Issuer Free Writing Prospectus dated May 17, 2017
Relating to Preliminary Prospectus Supplement dated May 17, 2017
MARTIN MARIETTA MATERIALS, INC.
$300,000,000 Floating Rate Senior Notes due 2020
$300,000,000 3.450% Senior Notes due 2027
PRICING TERM SHEET
MAY 17, 2017
| FLOATING RATE NOTES | ||
| Issuer: |
Martin Marietta Materials, Inc. | |
| Security: |
Floating Rate Senior Notes due 2020 | |
| Principal Amount: |
$300,000,000 | |
| Maturity Date: |
May 22, 2020 | |
| Issue Price: |
100.000% of principal amount, plus accrued interest, if any, from May 22, 2017 | |
| Interest Rate Basis: |
Three-month LIBOR, reset quarterly | |
| Spread to LIBOR: |
Plus 65 basis points | |
| Initial Interest Rate and Determination Date: |
Three-month LIBOR determined as of the second London Business Day immediately preceding the Settlement Date plus 65 basis points; if three-month LIBOR cannot be determined as of such date, the initial three-month LIBOR will be 1.181% | |
| Interest Payment Dates and Reset Dates: |
Quarterly on February 22, May 22, August 22 and November 22, commencing on August 22, 2017 | |
| Interest Determination Dates: |
Second London Business Day immediately preceding the applicable Interest Payment Date | |
| Gross Proceeds to the Issuer: |
$300,000,000 | |
| Optional Redemption Provisions: |
None | |
| Day Count Convention: |
Actual/360, Adjusted | |
| CUSIP / ISIN: |
573284 AR7 / US573284AR77 | |
| FIXED RATE NOTES | ||
| Issuer: |
Martin Marietta Materials, Inc. | |
| Security: |
3.450% Senior Notes due 2027 | |
| Principal Amount: |
$300,000,000 | |
| Maturity Date: |
June 1, 2027 | |
| Issue Price: |
99.798% of principal amount, plus accrued interest, if any, from May 22, 2017 | |
| Benchmark Treasury: |
2.375% due May 15, 2027 | |
| Benchmark Treasury Price and Yield: |
101-11 and 2.224% | |
| Spread to Benchmark Treasury: |
Plus 125 basis points | |
| Yield to Maturity: |
3.474% | |
| Coupon (Interest Rate): |
3.450% | |
| Interest Payment Dates: |
Semi-annually on June 1 and December 1, commencing on December 1, 2017 | |
| Gross Proceeds to the Issuer: |
$299,394,000 | |
| Optional Redemption Provisions: |
Prior to March 1, 2027 (three months prior to the maturity date of the fixed rate notes) (the “Par Call Date”), make-whole call at any time at a discount rate of U.S. Treasury Rate plus 20 basis points (or 0.200%) On or after the Par Call Date, at any time at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption | |
| Day Count Convention: |
30/360 | |
| CUSIP / ISIN: |
573284 AQ9 / US573284AQ94 | |
| FLOATING RATE NOTES AND FIXED RATE NOTE | ||
| Ratings:* |
Baa3 / BBB+ / BBB (Moody’s / S&P / Fitch) | |
| Trade Date: |
May 17, 2017 | |
| Settlement Date: |
May 22, 2015 (T+3) | |
| Legal Format: |
SEC Registered | |
| Denominations: |
$2,000 x $1,000 | |
| Joint Book-Running Managers: |
Deutsche Bank Securities Inc. J.P. Morgan Securities LLC BB&T Capital Markets, a division of BB&T Securities, LLC SunTrust Robinson Humphrey, Inc. Wells Fargo Securities, LLC | |
| Co-Managers: |
PNC Capital Markets LLC Regions Securities LLC The Williams Capital Group, L.P. MUFG Securities Americas Inc. Comerica Securities, Inc. | |
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
This communication is intended for the sole use of the person to whom it is provided by us.
The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in this offering will arrange to send you a copy of the prospectus if you request it by calling Deutsche Bank Securities Inc. at (800) 503-4611, J.P. Morgan Securities LLC at (212) 834-4533, BB&T Capital Markets, a division of BB&T Securities, LLC, at (844) 499-2713, SunTrust Robinson Humphrey, Inc. at (800) 685-4786 or Wells Fargo Securities, LLC at (800) 645-3751.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or other notice was automatically generated as a result of this communication being sent via Bloomberg or another email system.