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 http://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.
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
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160906006640/en/
Source: Cabot Corporation
Steve Delahunt, 617-342-6255
Investor Relations, and Treasurer