Item 1.01. Entry into a Material Definitive Agreement

On September 23, 2020, Martin Marietta Materials, Inc., (the "Corporation") and its wholly­owned subsidiary, Martin Marietta Funding LLC ("MM Funding"), entered into the Twelfth Amendment (the "Twelfth Amendment") to its Credit and Security Agreement with Truist Bank, successor by merger to SunTrust Bank, dated as of April 19, 2013. Pursuant to the Twelfth Amendment, the scheduled maturity date of the facility was extended to September 22, 2021.

The Credit and Security Agreement is a $400,000,000 trade receivables securitization facility backed by trade receivables originated by the Corporation or by certain of its subsidiaries and acquired by the Corporation, which the Corporation then sells or contributes to MM Funding. MM Funding's borrowings bear interest at (i) for loans funded by conduit lenders, the asset-backed commercial paper costs of the conduit lenders plus 0.850% and (ii) for all other loans, one­month LIBOR plus 1.000%, subject to change in the event that LIBOR no longer reflects the lenders' cost of lending.

The Credit and Security Agreement includes an amortization event related to a payment default or acceleration of one of the Corporation's material debt agreements.

The Twelfth Amendment is filed as an exhibit hereto and is incorporated herein by reference, and the description of the Twelfth Amendment and the Credit and Security Agreement contained herein is qualified in its entirety by the terms thereof.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits



  10.01     Twelfth Amendment to Credit and Security Agreement, dated as of
          September 23, 2020, among Martin Marietta Funding LLC, as borrower,
          Martin Marietta Materials, Inc., as servicer, and Truist Bank,
          successor by merger to SunTrust Bank, as lender together with the other
          lenders from time to time party thereto, and Truist Bank, successor by
          merger to Sun Trust Bank, as administrative agent for the lenders.


104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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