Albemarle extends 2022 credit agreement maturity to Oct. 28, 2028; SOFR loan interest adjustment drops to 0%

Reuters
Mar 26
Albemarle extends 2022 credit agreement maturity to Oct. 28, 2028; SOFR loan interest adjustment drops to 0%
  • Albemarle, Albemarle Europe, the lenders, and Bank of America entered into a third amendment to the amended and restated credit agreement dated October 28, 2022.
  • The amendment extends the credit agreement maturity to the later of October 28, 2028 and one year thereafter if extended under Section 2.15.
  • It removes a 0.10% adjustment used in calculating interest for SOFR-based loans.
  • The change reduces the number of maturity extension requests under Section 2.15 to one from two.


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