S&P gives Albemarle notes BBB

S&P said it gave a BBB rating to Albemarle Corp.'s planned offering of about $1.5 billion of senior unsecured notes due 2027, 2032 and 2052.

The company will use the proceeds to redeem its $425 million of 4.15% senior notes due 2024, also rated BBB, to pre-fund capital expenditures and for general corporate purposes.

The outlook is stable.

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