Loan & DebtAug 12, 2026, 05:37 PM
Cabot Prices $350M Senior Unsecured Notes Due 2029 at 4.950%
AI Summary
Cabot Corporation announced the pricing of a public offering of $350 million of 4.950% senior unsecured notes due 2029. The notes were priced at 99.993% of their face amount, with interest payable semiannually. The company intends to use the net proceeds to repay its senior unsecured notes due September 2026, with the remainder allocated to working capital and general corporate purposes.
Key Highlights
- Cabot priced a public offering of $350 million in senior unsecured notes.
- The notes carry an interest rate of 4.950% and are due in 2029.
- The offering was priced at 99.993% of the face amount.
- Interest on the notes will be paid semiannually on February 15 and August 15.
- The sale is expected to close on August 21, 2026.
- Net proceeds will primarily repay senior unsecured notes due September 2026.
- Remaining proceeds will be used for working capital and general corporate purposes.
Price Impact
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