New Issue-Martin Marietta Materials sells $300 mln notes
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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