Albemarle signs agreement for new $375 million revolver

By Sara Rosenberg

New York, Sept. 13 - Albemarle Corp. signed an agreement for a new $375 million three-year revolving credit facility. Bank of America is the administrative agent, Fortis Finance LLC is the syndication agent and SunTrust Bank and The Bank of New York are co-documentation agents.

"This new credit facility will meet Albemarle's short-term liquidity requirements and provide headroom for future growth and investment," said Paul F. Rocheleau, senior vice president and chief financial officer, in a news release.

Albemarle is a Richmond, Va. producer of specialty chemicals for consumer electronics, pharmaceuticals, agricultural, automotive and industrial products and construction and packaging materials.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.