Recent Updates — ALB-PA

On October 29, 2026, Albemarle Corporation entered into a new $1.5 billion unsecured revolving credit agreement with JPMorgan Chase Bank as administrative agent. The facility matures on October 29, 2031 and bears interest at variable rates based on applicable benchmarks plus margins tied to the company's credit ratings. Concurrently, the company terminated its existing Amended and Restated Credit Agreement dated October 28, 2022, which was scheduled to mature in October 2028. The new agreement includes customary covenants and a financial leverage ratio requirement of less than or equal to 3.50:1.00. Albemarle Corporation operates in the specialty chemicals industry, focusing on lithium compounds for energy storage.

Albemarle Corporation appointed Eduardo De Salles Bartolomeo as an independent director, effective July 21, 2026. Bartolomeo, the former CEO of Vale S.A., will serve on the Board's Audit and Finance Committee and the Safety, Sustainability, Operations & Capital Committee. Under the company's non-employee director compensation program, he will receive an annual retainer of $120,000 and an annual restricted stock grant valued at $170,000. Albemarle is a specialty chemicals company that produces lithium and bromine for the energy and mobility sectors.