Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Nachrichten Nov 25, 2019

Albemarle Corporation’s Concurrent USD and Euro Notes Offerings in Connection with Wodgina Joint Venture

Shearman & Sterling represented Albemarle Corporation in connection with its offering of $200 million floating rate notes due 2022 and Albemarle Wodgina Pty Ltd in connection with its $300 million notes offering of 3.450% senior notes due 2029, guaranteed by Albemarle Corporation. Shearman & Sterling also represented Albemarle New Holding GmbH in connection with its offering of €500 million principal 1.125% notes due 2025 and €500 million 1.625% notes due 2028, each guaranteed by Albemarle Corporation. 

The proceeds from the offerings were used to repay indebtedness related to Albemarle’s Wodgina hard rock lithium mining joint venture in Western Australia. J.P. Morgan and BofA Securities lead the transaction. 

Albemarle Corporation, headquartered in Charlotte, North Carolina, 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 5,900 people and serves customers in over 100 countries.

The Shearman & Sterling team below included associates Brian Bishop, Nauka Patel, and Marc Sälzer. 

 The Team