Albemarle Corporation Announces Pricing for Cash Debt Tender Offers

Core Viewpoint - Albemarle Corporation has announced the pricing terms for its cash tender offers to purchase up to $650 million aggregate principal amount of its notes, increasing from a previously announced $500 million, using a "waterfall" methodology for acceptance [1][8]. Summary by Sections Tender Offer Details - The company expects to accept for purchase a total of $254,320,000 of the 5.650% Senior Notes due 2052, $149,034,000 of the 5.450% Senior Notes due 2044, $62,372,000 of the 3.450% Senior Notes due 2029, and $184,274,000 of the 5.050% Senior Notes due 2032, all validly tendered by the Early Tender Time [2][3]. Total Consideration - The Total Consideration for the notes includes an early tender premium of $50 per $1,000 principal amount, along with any applicable accrued and unpaid interest up to the Early Settlement Date of March 18, 2026 [3][6]. Acceptance Priority Levels - The acceptance priority levels for the notes are structured as follows: 1. 5.650% Senior Notes due 2052 with a total consideration of $921.71 per $1,000 principal amount 2. 5.450% Senior Notes due 2044 with a total consideration of $940.07 per $1,000 principal amount 3. 3.450% Senior Notes due 2029 with a total consideration of $968.70 per $1,000 principal amount 4. 5.050% Senior Notes due 2032 with a total consideration of $1,017.87 per $1,000 principal amount [5][6]. Offer Conditions - All conditions of the offers were deemed satisfied or waived, and the company expects to accept and pay for the $650 million aggregate principal amount of notes validly tendered on the Early Settlement Date [8]. Expiration of Offers - The offers are scheduled to expire on March 30, 2026, but due to the amount of notes tendered exceeding $650 million, there will be no Final Settlement Date, and notes tendered after the Early Tender Time will not be accepted [9].