New Issue-Martin Marietta Materials sells $300 mln notes

Wed Apr 16, 2008 11:13pm BST
[-] Text [+]
  April 16 (Reuters) - U.S. construction materials maker
Martin Marietta Materials Inc (MLM.N: Quote, Profile, Research) on Wednesday sold $300
million of 10-year senior notes, said market sources.
  Banc of America Securities LLC, JP Morgan and Wachovia
Securities Inc were the joint book-running managers for the
sale.
BORROWER: MARTIN MARIETTA MATERIALS INC
AMT $300 MLN      COUPON 6.60 PCT      MATURITY 4/15/2018 
TYPE NOTES        ISS PRICE 99.929     FIRST PAY 10/15/2008
MOODY'S Baa1      YIELD 6.61 PCT       SETTLEMENT 4/21/2008
S&P BBB-PLUS      SPREAD 295 BPS       PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS     MORE THAN TREAS     MAKE-WHOLE CALL 45 BPS

 
 
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