ALBEMARLE CORP (ALB) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that ALBEMARLE CORP surfaced in its latest filing.

• In September 2023, paid $218.5 million in fines, disgorgement, and prejudgment interest to resolve self-reported potential FCPA violations with DOJ and SEC.September 2023
• In 2024, stopped construction of Kemerton Trains 3 and 4, and placed Kemerton Train 2 into care and maintenance.2024
• In 2024, credit ratings downgraded by two of three main agencies, increasing margin on 2022 Credit Agreement borrowings to 1.20%.2024
• In 2025, entered into definitive agreement to divest controlling interest in Refining Solutions business, forming new joint venture with 49% interest, expected to close in Q1 2026.2025
• In 2025, Moody’s revised the Company’s outlook to negative.2025
• In 2025, recorded $181.1 million goodwill impairment charge related to Eurecat S.A. and Refining Solutions divestitures.2025
• In 2025, recorded $245.6 million long-lived asset impairment for Refining Solutions business.2025
• In 2025, placed Chengdu, China conversion plant into care and maintenance.2025
• In July 2025, One Big Beautiful Bill Act signed into law, extending expiring provisions, changing international tax rules, and phasing out certain energy tax credits.July 2025
• Completed sale of 50% ownership interest in Eurecat S.A.January 2026
• In February 2026, announced decision to place Kemerton Train 1 into care and maintenance.February 2026
• The OECD's Pillar Two Global Anti-Base Erosion Rules, implementing a 15% global minimum tax, became effective in the E.U.January 1, 2025
• Definitive agreement to divest controlling ownership interest in Ketjen’s Refining Solutions business, expected to close in Q1 2026.2026
• As of December 31, 2025, aggregate long-term debt was $3.2 billion, primarily senior notes.December 31, 2025
• Borrowings under unsecured credit facility bear variable interest based on benchmark plus margin (0.910% to 1.375%) depending on credit rating.
• Commercial paper program allows issuance of unsecured notes up to $1.5 billion.
• Joint venture in Refining Solutions business with participant that may not fulfill obligations.
• Indemnity obligations from divestiture of controlling interest in Refining Solutions business.
• Potential impairment charges from February 2026 decision to place Kemerton Train 1 into care and maintenance.