Albemarle $2.3 billion depositary share offering
The depositary shares represent an interest in the company鈥檚 7.25% convertible preferred stock
麻豆入口 advised the representative of the several underwriters in connection with the $2.3 billion SEC-registered offering of 46,000,000 depositary shares by Albemarle Corporation, including the full exercise by the underwriters of their option to purchase 6,000,000 additional depositary shares. Each depositary share represents a 1/20th interest in a share of Albemarle Corporation鈥檚 7.25% Series A mandatory convertible preferred stock.
Albemarle leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. Its purpose is to enable a more resilient world. It partners to pioneer new ways to move, power, connect and protect. The end markets it serves include grid storage, automotive, aerospace, conventional energy, electronics, construction, agriculture and food, pharmaceuticals and medical devices.
The 麻豆入口 capital markets team included partner Byron B. Rooney and associate Benjamin Guillon. The equity derivatives team included partner Mark J. DiFiore, counsel Katharine O鈥橞anion and associate Alexander S. Pettingell. Partner Michael Farber, counsel Aliza Slansky and associate Richard P. Wang provided tax advice. Counsel Michael Comstock provided environmental advice. Partner Frank J. Azzopardi provided intellectual property advice. All members of the 麻豆入口 deal team are based in the New York office.