---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000129"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:59:06.162766+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Albemarle upsizes commercial paper program to $1.5B from $750M

## Summary
- Maximum aggregate face amount increased to $1.5 billion, double the prior $750 million limit.
- Notes may have maturities up to 397 days; sold at discount or at par with variable rates.
- No notes outstanding as of May 17, 2023; proceeds to be used for general corporate purposes.
- Company's revolving credit facility backs the program; five dealers appointed.

## SEC filing metadata
- accession: 0000915913-23-000129
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000129/0000915913-23-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000129/alb-20230517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000129
- JSON: https://secwatch.observer/filing/0000915913-23-000129.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000129.txt

## Key facts
- Debt Financings
  ALBEMARLE CORP incurred debt of $1.5 billion maturing 397 days from the date of issuance.
  - Principal: $1.5 billion
  - Maturity: 397 days from the date of issuance
  - Event: incurrence
  source text: On May 17, 2023, Albemarle Corporation (the “Company”) entered into definitive documentation to increase the size of its existing commercial paper program that was initiated on May 29, 2013 (the “CP Program”), under which the Company may issue short-term, unsecured commercial paper notes (the “Notes”) pursuant to an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The maximum aggregate face amount of Notes outstanding at any time is $1.5 billion (up from $750 million prior to the increase). The Notes will be sold under customary market terms in the U.S. commercial paper market at a discount from par, or alternatively, at par and bear interest at rates that will vary based upon market conditions at the time of issuance . The maturities of the Notes may vary, but may not exceed 397 days from the date of issuance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915913/000091591323000129/0000915913-23-000129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.