Albemarle Corporation (NYSE: ALB) announced it increased the maximum amount it will accept in its cash tender offers for senior notes to $650 million aggregate principal amount, up from the previously announced $500 million cap.

The company reported early tender results as of March 13, 2026, showing total tenders of approximately $731.9 million across four series of notes. The 5.650% Senior Notes due 2052 received the highest tender amount at $254.3 million, followed by the 5.050% Senior Notes due 2032 at $266.2 million.

Under the tender offers, Albemarle will accept notes using a priority-based system. The company will purchase notes in order of their acceptance priority levels until reaching the $650 million cap. The 5.650% notes due 2052 have first priority, followed by 5.450% notes due 2044, 3.450% notes due 2029, and 5.050% notes due 2032.

Consideration for the accepted notes will be determined on March 16, 2026, based on fixed spreads over applicable U.S. Treasury securities. Holders who tendered notes by the early deadline will receive an additional $50 per $1,000 principal amount early tender premium.

The company expects to settle the accepted notes on March 18, 2026. J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities Inc., and U.S. Bancorp Investments Inc. are serving as dealer managers for the offers.

Albemarle operates as a supplier of lithium and bromine for mobility, energy, connectivity and health applications. The tender offers are part of the company's debt management strategy.