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.
Logo -
http://photos.prnewswire.com/prnh/20111129/MM14279LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/albemarle-corporation-announces-successful-completion-of-consent-solicitation-for-rockwood-notes-300027825.html
SOURCE Albemarle Corporation