12:39 PM EDT, 11/01/2024 (MT Newswires) -- Martin Marietta Materials ( MLM ) on late Thursday announced the pricing of two debt offerings of $750 million each.

The company is offering $750 million in 5.15% senior notes due Dec. 1, 2034, and $750 million in 5.5% senior notes due Dec. 1, 2054.

The debt will be used to repay the company's existing borrowings, as well as for general corporate purposes.

The offering is expected to close on Monday, the company said.

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