Form 8-K · Current report
Albemarle Corporation 8-K, filed Oct 30, 2026
- Filed
- CIK
- 0000915913
- Accession no.
- 0000915913-26-000124
Summary
Albemarle Corporation entered into a $1.5 billion unsecured revolving credit agreement with JPMorgan Chase Bank as administrative agent on October 29, 2026, and terminated its 2022 credit agreement with Bank of America as administrative agent. Albemarle's board also adopted amended bylaws that let shareholders holding at least 20% of outstanding shares request a special meeting.
Key points
- The 2026 Credit Agreement provides for a revolving facility of up to $1.5 billion and matures October 29, 2031.
- The agreement requires Albemarle to maintain a Consolidated Leverage Ratio at or below 3.50:1.00 each fiscal quarter, with an option to increase it by 0.50:1.00 for four quarters after certain acquisitions financed with more than $500 million of debt.
- The 2022 Credit Agreement, scheduled to mature October 28, 2028, was terminated on October 29, 2026 in connection with the new facility.
- The amended bylaws, effective October 26, 2026, require the Secretary to call a special shareholder meeting on valid written request of holders of at least 20% of shares entitled to vote, and update advance notice provisions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On October 29, 2026, Albemarle Corporation (the “Company”) entered into a credit agreement (the “2026 Credit Agreement”) among the Company, the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent. The 2026 Credit Agreement provides for an unsecured revolving credit facility in the amount of up to $1.5 billion. The facility matures on October 29, 2031. …
An excerpt of the text as filed with the SEC, cut for length.
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