Martin Marietta Materials, Inc. reported that it has arranged new and amended bank financing tied to its previously announced acquisition of Lhoist North America, Inc., adding a $1.5 billion term loan commitment and modifying leverage limits under its existing $800 million revolving credit facility. On July 10, 2026, Martin Marietta entered into Amendment No. 1 to its five-year senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and a group of financial institution lenders. The amendment applies to the company’s $800 million senior unsecured revolving credit facility and adjusts the facility’s financial covenant if the Lhoist North America acquisition closes. Under the revised covenant, Martin Marietta’s maximum permitted leverage ratio will step down over time: 4.75-to-1.00 for the first three fiscal quarters after the acquisition closing, 4.25-to-1.00 for the next three fiscal quarters, and 3.75-to-1.00 thereafter. Separately, on July 15, 2026, Martin Marietta entered into a new Term Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders. The agreement provides commitments for a three-year senior unsecured term loan facility in an aggregate principal amount of $1.5 billion. Funding is subject to completion of the Lhoist North America acquisition and other customary conditions. The company said the proceeds may be used to pay a portion of the cash consideration for the acquisition and related fees and expenses. The term loan facility will mature three years after the date it is funded and will not be subject to amortization, meaning principal repayment is not scheduled in installments before maturity. Borrowings under the facility will bear interest, at Martin Marietta’s option, based either on a Term SOFR rate or a Base Rate, in each case plus a margin determined by a ratings-based pricing grid. The company also agreed to pay a commitment fee on undrawn commitments under the term facility, with the fee rate likewise based on a ratings-based grid, for the period beginning October 25, 2026 and ending when the commitments terminate, including upon borrowing. The new term credit agreement contains customary covenants and events of default, including a leverage covenant matching the amended revolver structure: a maximum leverage ratio of 4.75-to-1.00 for the first three fiscal quarters after the acquisition closes, 4.25-to-1.00 for the following three fiscal quarters, and 3.75-to-1.00 thereafter. The agreement also allows Martin Marietta, in certain acquisition-related circumstances, to exclude debt incurred for acquisitions from the leverage ratio calculation for four quarters, provided the ratio calculated without that exclusion does not exceed 4.25-to-1.00. The agreement includes an additional leverage calculation feature: if there are no outstanding amounts under both the revolving credit facility and the company’s accounts receivable securitization facility, consolidated debt may be reduced by Martin Marietta’s cash and cash equivalents for leverage-ratio purposes, capped at $500 million. If an event of default occurs and is not cured or waived within any applicable grace period, unpaid amounts under the term credit agreement may be accelerated and declared immediately due and payable. The filing reports Item 1.01, entry into material definitive agreements, covering both the revolver amendment and the new term credit agreement. It also reports Item 2.03, creation of a direct financial obligation, with respect to the $1.5 billion term facility. The transactions are significant because they provide committed financing for a major acquisition while temporarily increasing covenant flexibility to accommodate higher leverage immediately after closing, followed by scheduled deleveraging thresholds over subsequent quarters.