On December 10, 2021, Albemarle Corporation and Albemarle New Holding GmbH entered into a second amendment and restatement agreement to that certain Syndicated Facility Agreement, dated as of August 14, 2019, as previously amended and restated on December 15, 2020, among the Company, ANH, the several banks and other financial institutions as may from time to time become parties thereto, JPMorgan Chase Bank N.A., as Administrative Agent, and JPMorgan Chase Bank, N.A. and BofA Securities Inc., as joint lead arrangers. The primary purposes of the A&R Agreement were to (a) terminate the Tranche 2 Commitments (as defined in the Existing Credit Facility) under the Existing Credit Facility, (b) establish a delayed draw term loan facility in an aggregate principal amount of up to $750,000,000, (c) provide for the transition to a new interest rate benchmark when the London inter-bank Offered Rate (“LIBOR”) for deposits in U.S. dollars ceases to be available, and (d) remove ANH as a borrower under the Existing Credit Facility. The New Term Facility permits up to four borrowings by the Company in an aggregate amount equal to $750,000,000, denominated in U.S. dollars, for general corporate purposes. The Lenders’ commitment to provide loans under the New Term Facility terminates on December 9, 2022, with each such loan maturing 364 days after the funding of such loan. The Company can request that the maturity date of loans under the New Term Facility be extended for an additional period of up to four additional years, but any such extension is subject to the approval of the Lenders. At the option of the Company, the borrowings under the New Term Facility bear interest at variable rates based on either the base rate or LIBOR for deposits in U.S. dollars, in each case plus an applicable margin which ranges from 0.000% to 0.375% for base rate borrowings or 0.875% to 1.375% for LIBOR borrowings, depending on the Company’s credit rating from Standard & Poor’s Rating Services, Moody’s Investors Service Inc., and Fitch Ratings Inc. As of the closing of the A&R Agreement, the applicable margin over LIBOR was 1.125%.