Shearman & Sterling represented Albemarle Corporation (NYSE: ALB) in connection with an underwritten public offering of $1.025 billion in Senior Notes consisting of $250 million aggregate principal amount of 3.000% Senior Notes due 2019, $425 million aggregate principal amount of 4.150% Senior Notes due 2024 and $350 million aggregate principal amount of 5.450% Senior Notes due 2044 (together, the “Notes”). The Notes were underwritten by joint bookrunning managers Merrill Lynch, Pierce, Fenner & Smith Incorporated, JP Morgan Securities LLC and Wells Fargo Securities LLC, senior co-managers BNP Paribas Securities Corp., Mitsubishi UFJ Securities (USA), Inc., RBS Securities, Inc. and SMBC Nikko Securities America, Inc. and co-managers HSBC Securities (USA) Inc., U.S. Bancorp Investments, Inc., PNC Capital Markets LLC and The Williams Capital Group, L.P.
The Notes will be used to finance the acquisition of Rockwood Holdings, Inc. in a previously-announced $6.2 billion transaction. Shearman & Sterling is representing Albemarle in connection with the transaction.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. Albemarle employs approximately 3,200 people and serves customers in approximately 100 countries.
The Shearman & Sterling team consisted of partners Lisa Jacobs (New York-Capital Markets), Laurence Bambino (New York-Tax), and Douglas McFadyen (New York-Tax); of counsel Paul Schreiber (New York-Investment Funds); counsel Harald Halbhuber (New York-Capital Markets) and Jason Pratt (New York-Environmental); and associates Brian Bishop (New York-Capital Markets), Elise Corey (New York-Capital Markets), Derek Kershaw (New York-Tax), Will Forster (New York-Investment Funds), Laura Mulry (New York-Environmental) and Robert Giannattasio (New York-Corporate).