Albemarle Corporation (NYSE: ALB) announced pricing terms for its cash tender offers to purchase up to $650 million in aggregate principal amount of notes, an increase from the previously announced $500 million purchase price.

The company expects to accept the full amount of three note series and a portion of a fourth series based on notes validly tendered by the early tender deadline of March 13, 2026. Specifically, Albemarle will purchase $254.32 million of 5.650% Senior Notes due 2052, $149.03 million of 5.450% Senior Notes due 2044, $62.37 million of 3.450% Senior Notes due 2029, and $184.27 million of the $266.23 million tendered of 5.050% Senior Notes due 2032.

The total consideration for notes tendered by the early deadline includes an early tender premium of $50 per $1,000 principal amount. The pricing ranges from $921.71 per $1,000 for the 2052 notes to $1,017.87 per $1,000 for the 2032 notes. Holders will also receive accrued and unpaid interest up to March 18, 2026.

Since the notes tendered by the early deadline exceeded $650 million, no notes tendered after that time will be accepted for purchase. The company expects to settle the accepted purchases on March 18, 2026, with unaccepted notes returned to holders promptly thereafter.

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.