Albemarle Enters Into $1.5 Billion Revolving Credit Facility
Filed with the SEC on · Summarized by InvestorsBot
Albemarle entered into a five-year, unsecured revolving credit agreement with JPMorgan Chase Bank as administrative agent and participating lenders, maturing October 29, 2031. The facility provides up to $1.5 billion of borrowing capacity at variable interest rates and includes a requirement to maintain a consolidated leverage ratio of no more than 3.50:1.00, with limited flexibility following certain debt-financed acquisitions.