Albemarle Corporation Announces Pricing for Cash Debt Tender Offers

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Albemarle Corporation announced the pricing terms for its cash tender offers to purchase up to $650 million in aggregate principal amount of its Notes, an increase from the previously announced $500 million. The company expects to accept the full principal amounts for its 5.650% Senior Notes due 2052, 5.450% Senior Notes due 2044, and 3.450% Senior Notes due 2029, and a prorated portion of its 5.050% Senior Notes due 2032. The offers are made using a “waterfall” methodology, and due to exceeding the cap, no Notes tendered after the Early Tender Time will be accepted for purchase.

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