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Cabot Corporation Prices $250 Million 3.400% Senior Notes Due 2026

BOSTON--(BUSINESS WIRE)--Sep. 6, 2016-- 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 at 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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.

Forward­Looking Statements

This press release contains forward­looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the federal securities laws, including statements about timing of the closing of the notes offering and the expected use of proceeds. These statements are not guarantees that these events will occur, and involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. The offering may be adversely affected by market conditions, adverse changes to Cabot’s business or prospects, and the other risks and uncertainties that are described in Cabot’s filings with the SEC. These statements are based on current beliefs and expectations and speak only as of the date of this press release. Cabot does not undertake any obligation to publicly update any forward-looking statements.

Source: Cabot Corporation

Cabot Corporation
Steve Delahunt, 617-342-6255
Vice President, Investor Relations, and Treasurer