ALB · Albemarle Corporation

Summary

On March 2, 2026, Albemarle Corporation completed the sale of its 51% ownership interest in Ketjen Corporation to ChemCat AcquisitionCo, LLC, affiliated with KPS Capital Partners LP, expecting approximately $547 million in cash proceeds. The company also announced the full redemption of its $650 million 4.650% Senior Notes due 2027 and cash tender offers up to $500 million aggregate purchase price for four other senior note series.

Key takeaways

• Completed sale of 51% Ketjen stake for ~$547M cash on March 2, 2026, retaining 49% minority interest
• Combined pre-tax proceeds with January 2026 Eurecat JV sale total ~$670M
• Retains 100% ownership of Ketjen’s Performance Catalyst Solutions business
• Announced full redemption of $650M 4.650% Senior Notes due 2027 on March 12, 2026
• Cash tender offers for up to $500M purchase price of 2052, 2044, 2029, and 2032 Notes with Early Tender Time March 13, 2026