Cabot Corporation Prices $350 Million 4.950% Senior Notes Due 2029

Cabot (NYSE: CBT) has priced a public offering of $350 million in 4.950% senior unsecured notes due 2029, to be sold at 99.993% of face value.

Rhea-AI Summary

Cabot (NYSE: CBT) has priced a public offering of $350 million in 4.950% senior unsecured notes due 2029, to be sold at 99.993% of face value. Interest will be paid semiannually on February 15 and August 15, starting February 15, 2027.

The offering is expected to close on August 21, 2026, subject to customary conditions. According to Cabot, net proceeds are intended primarily to repay its senior unsecured notes due September 2026, with any remaining funds used for working capital and other general corporate purposes.

Positive

• $350 million senior notes financing locked at 4.950% coupon
• Proceeds earmarked to repay September 2026 senior notes at maturity
• Refinancing pushes debt maturity profile out to 2029

Negative

• New $350 million senior unsecured notes increase gross debt until 2026 notes are repaid
• Fixed 4.950% coupon adds to ongoing interest expense through 2029

News Explained

The transaction’s $350 million face amount is above Cabot’s $250 million of cash and equivalents reported for the quarter ended June 30, 2026, placing the planned refinancing above that reported cash balance in dollar scale.

Argus Aug 13 session

+0.01% close to close Open Argus

Details

News Market Reaction – CBT

On Aug 13, the first trading day after this news, CBT closed 0.01% above the previous close.

Data tracked by StockTitan Argus for the Aug 13 session.

Key Figures

Offering Size: $350 million Coupon Rate: 4.950% Maturity: 2029 +3 more

Offering Size

$350 million

Public offering of senior unsecured notes

Coupon Rate

4.950%

Senior unsecured notes due 2029

Maturity

2029

Senior unsecured notes

Offering Price

99.993% of face amount

Notes sold to the public

Interest Payments

February 15 and August 15

Semiannual payments beginning February 15, 2027

Expected Closing

August 21, 2026

Subject to customary closing conditions

Historical Context

5 past events · Latest: Aug 03

5 events

1. Aug 03

   Earnings report

   24h Move

   -8.5%

   Lower adjusted EPS and weaker Reinforcement Materials EBIT drove the earnings-related decline.

2. Jul 30

   Leadership transition

   24h Move

   -3.6%

   CEO retirement, successor appointment, and planned CFO search accompanied the stock decline.

3. Jul 10

   Dividend declaration

   24h Move

   +0.6%

   The board declared a quarterly cash dividend of $0.4725 per share.

4. Jul 09

   Earnings date notice

   24h Move

   +2.1%

   Cabot scheduled its fiscal third-quarter operating results release for August 3.

5. Jun 23

   Sustainability report

   24h Move

   -3.5%

   Cabot reported achieving 14 of 15 sustainability goals for 2025.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior unsecured notes, automatically effective shelf registration statement, form s-3asr, commercial paper, +1 more

5 terms

senior unsecured notes financial

"priced a public offering of $350 million of 4.950% senior unsecured notes due 2029"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

automatically effective shelf registration statement regulatory

"filed as part of Cabot’s automatically effective shelf registration statement on Form S-3ASR"

A registration statement filed with securities regulators that becomes effective immediately upon filing, allowing a company to register a pool of securities in advance and sell some or all later without waiting for additional approval. Think of it like an approved, reusable credit line: it gives management quick, on-demand access to raise money but can dilute existing shareholders and signal changes in capital plans, so investors watch its size and timing closely.

form s-3asr regulatory

"automatically effective shelf registration statement on Form S-3ASR filed on December 15, 2023"

Form S-3ASR is a type of SEC registration that lets large, well-known public companies pre-register securities so they can be sold quickly when needed, similar to having a pre-approved credit line they can draw on at short notice. For investors, it matters because it signals a company's readiness to raise cash fast, which can affect share supply and price (dilution) and reveal how easily the company can fund growth or handle short-term needs.

commercial paper financial

"including, at Cabot’s discretion, repayment of commercial paper"

Short-term IOUs issued by companies to raise cash quickly, sold to investors for a fixed, brief period (usually up to a few months) and repaid with interest at maturity. Think of it as a business borrowing from the public without putting up collateral, like a friend asking to borrow money for a few weeks with a promise to pay back a bit more. Investors watch commercial paper to gauge a company’s short-term funding health and credit risk; difficulty issuing it or rising yields can signal liquidity stress or higher perceived risk.

revolving credit facility financial

"outstanding under its multicurrency revolving credit facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOSTON­­, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Cabot Corporation (NYSE: CBT) today announced that it priced a public offering of $350 million of 4.950% senior unsecured notes due 2029. The notes are being sold to the public at a price of 99.993% of the face amount thereof. Cabot will pay interest on the notes semiannually on February 15 and August 15 of each year, beginning February 15, 2027. The sale of the notes is expected to close on August 21, 2026, subject to the satisfaction of customary closing conditions. Cabot intends to use the net proceeds from the offering to repay its senior unsecured notes due September 2026 (the “2026 Notes”) at maturity, with the remainder being used for working capital and other general corporate purposes (including, at Cabot’s discretion, repayment of commercial paper and amounts, if any, outstanding under its multicurrency revolving credit facility).

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., BofA Securities, Inc., BBVA Securities Inc. and ING Financial Markets LLC are the joint book-running managers for the offering. HSBC Securities (USA) Inc., Loop Capital Markets LLC and Morgan Stanley & Co. LLC are the co-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 was filed as part of Cabot’s automatically effective shelf registration statement on Form S-3ASR filed on December 15, 2023 (File No. 333-276078), 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 Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, E-mail: prospectus@citi.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; PNC Capital Markets LLC, 300 Fifth Avenue, 10^th Floor, Pittsburgh, Pennsylvania 15222 or by calling (855) 881-0697; or U.S. Bancorp Investments, Inc., 214 N. Tryon Street, 26th Floor, Charlotte, North Carolina 28202, Attention: Credit Fixed Income or by calling toll-free at (877) 558-2607.

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. This press release shall not constitute a notice of or a solicitation of an offer to redeem the 2026 Notes.

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 carbon black, specialty carbons, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel.

Forward ­Looking Statements

This press release contains forward-looking statements, 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, including under the heading “Risk Factors” in Cabot’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025. 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, except as required by law.

Source: Cabot Corporation

Cabot Corporation
Robert Rist, 617-342-6374
Vice President, Investor Relations and Corporate Planning

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cabot (CBT) announce in its August 12, 2026 senior notes offering?

Cabot announced pricing of $350 million 4.950% senior unsecured notes due 2029. According to Cabot, the notes are offered at 99.993% of face value, with the transaction expected to close on August 21, 2026, subject to customary conditions.

What are the key terms of Cabot (CBT) 4.950% senior notes due 2029?

Cabot’s notes have a face amount of $350 million, a 4.950% fixed coupon, and mature in 2029. According to Cabot, interest is payable semiannually on February 15 and August 15, beginning February 15, 2027, and the notes are senior unsecured obligations.

How will Cabot (CBT) use the $350 million senior notes proceeds announced August 12, 2026?

Cabot intends to use the net proceeds primarily to repay its senior unsecured notes due September 2026 at maturity. According to Cabot, remaining funds may support working capital and other general corporate purposes, including potential repayment of commercial paper and revolving credit facility borrowings.

When is the expected closing date for Cabot (CBT) $350 million notes due 2029?

The offering is expected to close on August 21, 2026, subject to customary closing conditions. According to Cabot, the notes will then begin accruing interest, with the first semiannual payment scheduled for February 15, 2027, followed by payments each August 15 and February 15.

Who are the underwriters for Cabot (CBT) 4.950% senior notes due 2029?

Joint book-running managers are Citigroup, J.P. Morgan, PNC, U.S. Bancorp, BofA Securities, BBVA Securities, and ING Financial Markets. According to Cabot, HSBC, Loop Capital Markets, and Morgan Stanley serve as co-managers, distributing the notes under an effective shelf registration statement.

Where can investors access the prospectus for Cabot (CBT) August 2026 senior notes offering?

Investors can obtain electronic copies via the SEC’s EDGAR database at sec.gov. According to Cabot, the preliminary prospectus supplement and base prospectus are also available free of charge from several underwriters’ contacts, including Citigroup, J.P. Morgan, PNC, and U.S. Bancorp Investments.