Mergers & Acquisitions ·
Albemarle Corporation completed the sale of its 51% interest in Ketjen Corporation for approximately $547 million…
ALBAlbemarle Corp
Albemarle Corporation completed the sale of its 51% interest in Ketjen Corporation for approximately $547 million, bringing total proceeds from recent divestitures to roughly $670 million. The company is using this liquidity to redeem its 4.650% Senior Notes due 2027 and execute a $500 million tender offer for various other outstanding senior notes. These actions demonstrate a strategic focus on deleveraging the balance sheet through asset monetization.