Albemarle Corporation Announces Early Tender Results and Upsizing of Offer Cap of Previously Announced Cash Debt Tender Offers

Core Viewpoint - Albemarle Corporation has announced the early results of its cash tender offers for its debt securities, increasing the offer cap from $500 million to $650 million to accept more validly tendered notes [1][2]. Group 1: Tender Offer Details - The cash tender offers are for validly tendered notes, with the early tender time set at 5:00 p.m. on March 13, 2026, after which withdrawal rights expired [3]. - The company has amended the offer cap to allow for the purchase of up to $650 million in aggregate principal amount of the notes, using a "waterfall" methodology for acceptance based on priority levels [4][5]. - The total consideration for the notes accepted will include an early tender premium of $50 per $1,000 principal amount, with accrued interest payable on the early settlement date of March 18, 2026 [7]. Group 2: Notes Information - The notes involved in the offers include various senior notes with different due dates and outstanding principal amounts, such as 5.650% Senior Notes due 2052 with an outstanding amount of $450 million and $254.32 million tendered [4][5]. - The acceptance priority levels for the notes are established, with the highest priority given to the 5.650% Senior Notes due 2052 [5]. Group 3: Future Announcements - The company plans to issue a press release on March 16, 2026, to announce the total consideration payable in connection with the offers [8].