Albemarle secures $1.5 billion revolving credit facility with JPMorgan as administrative agent
ALB•Albemarle entered an agreement for an unsecured revolving credit facility of up to $1.5 billion, maturing October 29, 2031, with JPMorgan Chase Bank as administrative agent. The agreement replaces a Bank of America-led facility that was terminated on October 29, 2026.
1. Credit facility details
Albemarle entered into the credit agreement on October 29, 2026. Borrowings carry variable benchmark rates with margins based on the company’s credit ratings, and its quarterly consolidated leverage ratio must not exceed 3.50:1.00.
2. Leverage limit and replacement
The leverage limit may increase by 0.50:1.00 for four consecutive fiscal quarters after qualifying acquisitions financed with more than $500 million of debt. The agreement replaces the Bank of America-led facility, which was terminated ahead of its scheduled October 28, 2028 maturity.
