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Albemarle Corporation Announces Early Tender Results and Upsizing of Offer Cap of Previously Announced Cash Debt Tender Offers
Albemarle Corporation (NYSE: ALB) (the "Company"), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the early results of its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated March 2, 2026 (as amended and supplemented hereby, th
About this update from Albemarle Corporation
[{"type":"text","content":"CHARLOTTE, N.C., March 16, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the "Company"), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the early results of its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated March 2, 2026 (as amended and supplemented hereby, the "Offer to Purchase"), which sets forth a description of the terms of the Offers.","length":680,"tagName":"p"},{"type":"image","alt":"Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)","displaySize":"","headline":null,"caption":"Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":60,"url":"https://media.zenfs.com/en/prnewswire.com/cf1aba0a5c048b4ea16ac10a26f649f5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HFh5z1iKVeFjJuhgZK5oLw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cf1aba0a5c048b4ea16ac10a26f649f5","width":400,"height":60}},"href":"https://mma.prnewswire.com/media/75024/ALBEMARLE_CORPORATION_LOGO_updated.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In making the announcement, the Company has exercised its previously disclosed right to amend the Offers to increase the Offer Cap (as defined below) from $500 million aggregate purchase price to an amount sufficient to accept for purchase, not including accrued and unpaid interest, up to $650 million aggregate principal amount of the Notes. Except as specifically amended hereby, all other terms of the Offers as previously set forth in the Offer to Purchase remain unchanged. See the Offer to Purchase for the complete terms and conditions of the Offers.","length":558,"tagName":"p"},{"type":"text","content":"The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on March 13, 2026 (the "Early Tender Time"). Withdrawal rights for the Offers expired at 5:00 p.m., New York City time, on Marc...