ALBEMARLE CORP (ALB) Form 8-K — Oct 30, 2026
Albemarle entered into a new $1.5 billion unsecured revolving credit facility on October 29, 2026, with JPMorgan Chase as administrative agent, maturing October 29, 2031. The facility carries ratings-based pricing (initially SOFR + 1.200% at Pricing Level 4) and a Consolidated Leverage Ratio covenant of no more than 3.50:1.00, with a 0.50x step-up allowed after large acquisitions. The company simultaneously terminated its 2022 credit agreement, which had been scheduled to mature October 28, 2028, effectively extending its revolver liquidity by roughly three years.
Key figures
- Debt Amount
- 1500000000
- Maturity Date
- October 29, 2031
- Revolver capacity
- $1.5 billion unsecured revolving credit facility
- Initial pricing level
- Pricing Level 4 (BBB-/Baa3/BBB-), Term SOFR margin 1.200%, facility fee 0.175%
- Prior facility maturity
- October 28, 2028
- Special meeting threshold
- 20% of outstanding shares
- Consolidated leverage ratio covenant
- <= 3.50:1.00, with 0.50x step-up for four quarters following acquisitions financed with >$500M debt
AI analysis
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