Albemarle closes $1.7B senior note offering; to redeem $425M in 2024 notes

ALBEMARLE CORP

Issued $650M 4.650% notes due 2027, $600M 5.050% notes due 2032, $450M 5.650% notes due 2052.
Net proceeds ~$1.684B after underwriting discounts and commissions.
Proceeds used to redeem all $425M of 4.150% notes due 2024; balance for general corporate purposes including commercial paper repayment.
Redemption of 2024 notes set for June 12, 2022.

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