Albermarle to redeem two series of 2021, 2022 notes in March

Chicago, March 1 – Albemarle Corp. will redeem all of its €392,933,000 outstanding 1.875% senior notes due 2021 on March 30 and all of its outstanding $200 million of floating-rate notes due 2022 on March 16, according to a press release.

The fixed-rate notes due 2021 will be redeemed at the greater of par plus the sum of the remaining scheduled payments discounted to the redemption date at the Bond rate plus a fixed spread of 25 basis points plus interest.

The floating-rate notes will be redeemed at par plus unpaid interest.

Albemarle is a Baton Rouge, La., specialty chemicals company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.