BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced that it priced a public offering of $250 million of 3.400% senior unsecured notes due 2026. The notes are being sold to the public at a price of 99.849% of the face amount thereof. Cabot will pay interest on the notes semiannually on March 15 and September 15 of each year, beginning March 15, 2017. The sale of the notes is expected to close on September 15, 2016, subject to customary closing conditions. Cabot intends to use the net proceeds of the offering, together with cash on hand, to redeem its outstanding 5.00% Senior Notes due October 1, 2016.
J.P. Morgan, Citigroup and Mizuho Securities are the joint bookrunning managers for the offering. The offering of these securities is being made only by means of a prospectus and related prospectus supplement. Electronic copies of the preliminary prospectus supplement and the accompanying base prospectus, which is filed as part of Cabot’s automatically effective shelf registration statement on Form S-3 filed on August 11, 2016 (File No. 333-213088), may be obtained for free by searching the Securities and Exchange Commission (SEC) online data base (EDGAR) on the SEC web site athttp://www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus relating to the offering may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling (866) 803-9204, or at 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor or by calling collect at (212) 834-4533; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling toll-free (800) 831-9146.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica, and aerogel.
