Financing ·
Albemarle Corporation has entered into a third amendment to its 2022 Credit Agreement, extending the maturity date to…
ALBAlbemarle Corp
Albemarle Corporation has entered into a third amendment to its 2022 Credit Agreement, extending the maturity date to at least October 28, 2028. The amendment also eliminates a 0.10% interest adjustment for SOFR-based loans and reduces the number of permitted maturity extensions from two to one. This modification provides the company with an extended liquidity runway and potentially reduces interest expenses on its floating-rate debt.