Albemarle extends maturity of core credit facility

Albemarle Corporation entered into a third amendment to its amended and restated credit agreement on March 19, 2026.

Rhea-AI Filing Summary

Albemarle Corporation entered into a third amendment to its amended and restated credit agreement on March 19, 2026. The amendment extends the facility’s maturity date to at least October 28, 2028, with a possible one-year extension under specified conditions.

The changes also remove a 0.10% interest rate adjustment applied to SOFR-based loans and limit Albemarle’s ability to request maturity extensions from two times to one. Overall, the update reshapes key terms of the company’s core bank credit facility without changing lenders or the administrative agent.

Insights

Corporate credit and capital structure analyst

Albemarle extends core bank credit maturity and slightly lowers SOFR loan pricing.

Albemarle amended its main syndicated credit agreement to push the maturity to at least October 28, 2028, with a potential one-year extension under Section 2.15. This helps keep committed liquidity in place over a longer horizon, which can support ongoing operations and investment plans.

Removing the 0.10% adjustment on SOFR-based loans modestly reduces borrowing costs on that portion of the facility. The tradeoff is reduced flexibility: the company can now request only one maturity extension instead of two. Overall, this looks like a routine, maintenance-oriented credit update rather than a transformative capital event.

8-K Event Classification

Item 9.01 — Financial Statements and Exhibits

1 item

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Albemarle (ALB) change in its credit agreement on March 19, 2026?

Albemarle signed a third amendment to its 2022 credit agreement. It extends the maturity to at least October 28, 2028, adjusts SOFR-based interest terms, and reduces how often the company can request further maturity extensions under the agreement.

How did the Albemarle (ALB) credit facility maturity date change?

The maturity date was extended to the later of October 28, 2028 or one year after that if extended under Section 2.15. This gives Albemarle a longer committed bank financing horizon under its existing amended and restated credit agreement.

What interest rate change did Albemarle (ALB) make for SOFR-based loans?

The amendment deletes a 0.10% adjustment used in calculating interest on SOFR-based loans. This removal slightly lowers the cost of SOFR-linked borrowings under the credit agreement, while leaving the broader structure and parties to the facility in place.

How did Albemarle (ALB) change its ability to extend the credit facility maturity?

The company reduced the number of times it can request a maturity extension under Section 2.15 from two to one. This limits future extension flexibility but still allows Albemarle a potential one-year extension beyond October 28, 2028, subject to agreement terms.

Who are the key parties to Albemarle’s amended credit agreement?

The borrowers are Albemarle Corporation and Albemarle Europe Srl, with various lenders and Bank of America, N.A. as administrative agent. The third amendment, dated March 19, 2026, modifies terms in the existing amended and restated 2022 credit agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/25/2026 - 04:19 PM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________________

FORM 8-K

_________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 19, 2026

_________________________________

ALBEMARLE CORPORATION

(Exact name of registrant as specified in charter)

_________________________________

Virginia

001-12658

54-1692118

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

4250 Congress Street, Suite 900

Charlotte, North Carolina 28209

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (980) 299-5700

Not applicable

(Former name or former address, if changed since last report.)

_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

COMMON STOCK, $.01 Par Value

ALB

New York Stock Exchange

DEPOSITARY SHARES, each representing a 1/20th interest in a share of 7.25% Series A Mandatory Convertible Preferred Stock

ALB PR A

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01    Entry into a Material Definitive Agreement.

On March 19, 2026, Albemarle Corporation (the “Company”), Albemarle Europe Srl, the lenders party thereto and Bank of America, N.A., as administrative agent, entered into the third amendment (the “Third Amendment”) to that certain amended and restated credit agreement dated as of October 28, 2022, as previously amended on February 9, 2024 and October 31, 2024 (the “2022 Credit Agreement”). The Third Amendment modifies the 2022 Credit Agreement by, among other things, (a) extending the maturity date of the 2022 Credit Agreement (the “Maturity Date”) to the later of (i) October 28, 2028 and (ii) one year thereafter, in the event the Maturity Date is extended pursuant to Section 2.15 of the 2022 Credit Agreement, (b) deleting the 0.10% adjustment in respect of the calculation of interest for SOFR-based loans under the 2022 Credit Agreement, and (c) reducing the number of times the Company can request an extension of the Maturity Date under Section 2.15 of the 2022 Credit Agreement from two to one.

The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the Third Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number						Exhibit
10.1*						Third Amendment to Credit Agreement, dated as of March 19, 2026, among Albemarle Corporation and Albemarle Europe SRL, as borrowers, the Lenders party thereto, and Bank of America, N.A., as Administrative Agent for the Lenders.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Included with this filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						ALBEMARLE CORPORATION
Date: March 25, 2026						By:			/s/ Ander C. Krupa
									Ander C. Krupa
									General Counsel and Corporate Secretary

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 EX-10.1 54.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 6.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 26.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 17.1 KB