Albemarle plans senior notes due 2027, 2032 and 2052

By Rebecca Melvin

Concord, N.H., May 10 – Albemarle Corp. intends to price senior notes in three parts, according to a 424B3 filed with the Securities and Exchange Commission.

The sale is expected to include tranches due 2027, 2032 and 2052.

BofA Securities Inc., J.P. Morgan Securities LLC and Mizuho Securities USA Inc. are the bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Counsel to the issuer is provided by K&L Gates LLP and Troutman Pepper Hamilton Sanders LLP and to the underwriters by Cravath, Swaine & Moore LLP.

Proceeds will be used to fund the redemption of Albermarle’s outstanding 2024 notes, which were issued in 2014 and of which $425 million aggregate principal amount is outstanding, with any remaining proceeds being used for general corporate purposes.

The specialty chemical company is based in Baton Rouge, La.

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