Albemarle announces closing of $1.025 billion senior notes offerings
$250 million of 3.000% notes due 2019,$425 million of 4.150% notes due 2024, and$350 million of 5.450% notes due 2044.
The Company intends to use the net proceeds from the offering, together with other borrowings, to finance the aggregate cash consideration of the previously announced acquisition of
The joint book-running managers for the offering were: Merrill Lynch, Pierce, Fenner & Smith Incorporated,
As previously announced on
On
A copy of the final prospectus supplement (and accompanying prospectus) relating to the senior notes may be obtained for free by visiting EDGAR on the
About Albemarle
Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, statements with respect to the proposed transaction with Rockwood and the anticipated consequences and benefits of the transaction, the targeted close date for the transaction, use of proceeds from the offering and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially include, without limitation: changes in economic and business conditions; changes in financial and operating performance of our major customers and industries and markets served by us; the timing of orders received from customers; the gain or loss of significant customers; competition from other manufacturers; changes in the demand for our products; limitations or prohibitions on the manufacture and sale of our products; availability of raw materials; changes in the cost of raw materials and energy; changes in our markets in general; fluctuations in foreign currencies; changes in laws and government regulation impacting our operations or our products; the occurrence of claims or litigation; the occurrence of natural disasters; the inability to maintain current levels of product or premises liability insurance or the denial of such coverage; political unrest affecting the global economy; political instability affecting our manufacturing operations or joint ventures; changes in accounting standards; the inability to achieve results from our global manufacturing cost reduction initiatives as well as our ongoing continuous improvement and rationalization programs; changes in the jurisdictional mix of our earnings and changes in tax laws and rates; changes in monetary policies, inflation or interest rates; volatility and substantial uncertainties in the debt and equity markets; technology or intellectual property infringement; decisions we may make in the future; the receipt and timing of necessary regulatory approvals for the proposed transaction with Rockwood; the ability to finance the proposed transaction with Rockwood; the ability to successfully operate and integrate Rockwood's operations and realize estimated synergies; and the other factors detailed from time to time in the reports we file with the
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SOURCE
Investors and Media - Albemarle, Lorin Crenshaw, (225) 388-7322, Lorin.Crenshaw@albemarle.com, or Ashley Mendoza, (225) 388-7137, Ashley.Mendoza@albemarle.com