K&L Gates Advises Albemarle Corporation on $1.7 Billion Senior Notes Offering
19 Mei 2022Global law firm K&L Gates LLP recently advised Albemarle Corporation (NYSE: ALB) on the company’s $1.7 billion public offering of senior notes consisting of (i) $650,000,000 of 4.650% senior notes due 2027, (ii) $600,000,000 of 5.050% senior notes due 2032, and (iii) $450,000,000 of 5.650% senior notes due 2052. A portion of the net proceeds from the offering will to be used to fund a redemption of the company’s outstanding 4.15% senior notes due 2024 in early June. Albemarle intends to use the remaining net proceeds of the offering for general corporate purposes, including the repayment of outstanding commercial paper notes.
Led by Charlotte partner Sean Jones, the K&L Gates deal team included Boston partner Bella Zaslavsky, Charlotte partner Coleman Wombwell, and Charlotte associates Marissa Barbalato and Alden Glass. Pittsburgh partner Stephen Barge provided tax advice and Boston partner Todd Gibson advised on Investment Company Act matters.
Albemarle Corporation is a global specialty chemicals company with leading positions in lithium, bromine and catalysts. The company creates value-added and performance-based solutions that enable a safer and more sustainable future.