Albemarle Corporation announces successful completion of consent solicitation for Rockwood notes

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Jan 29, 2015, 09:43 ET

BATON ROUGE, La., Jan. 29, 2015 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) ("Albemarle") today announced the successful completion of the previously announced consent solicitation relating to the 4.625% Senior Notes due 2020 (the "Notes") which were issued by Rockwood Specialties Group, Inc. (the "Issuer" and together with Albemarle, the "Companies") and are guaranteed by Albemarle. As of 5:00 p.m., New York City time, on January 28, 2015 (the "Expiration Date"), the Companies had received consents from holders of a majority in principal amount of the outstanding Notes to the adoption of certain proposed amendments to the indenture governing the Notes. As a result, the Company entered into the Third Supplemental Indenture to effectuate such amendments. The consent solicitation was made pursuant to the consent solicitation statement dated January 20, 2015.

The Companies will make a cash payment of $2.50 per $1,000 principal amount of Notes to each holder of Notes who validly delivered (and did not validly revoke) a consent prior to the Expiration Date today. Any questions regarding these payments should be directed to the Tabulation and Information Agent for the consent solicitation, Global Bondholder Services Corporation, at (866) 470-3900 (toll free) or (212) 430-3774 (banks and brokers) (collect). BofA Merrill Lynch acted as solicitation agent in connection with the consent solicitation.

This press release is for informational purposes only and does not constitute a solicitation of consents of holders of the Notes and shall not be deemed a solicitation of consents with respect to any other securities of the Companies.

About Albemarle

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a premier specialty chemicals company with leading positions in attractive end markets around the world. With a broad customer reach and diverse end markets, Albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. Albemarle is focused on delivering differentiated, performance-based technologies that deliver innovative and sustainable solutions to its customers. Albemarle employs approximately 6,900 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings and other information regarding Albemarle, its businesses and the markets it serves.

Forward Looking Statements

Some of the information presented in this press release, including, without limitation, statements with respect to the consent solicitation 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, the factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. The Companies assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

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SOURCE Albemarle Corporation