Cabot (NYSE: CBT) raises $350M to redeem 2026 notes, fund working capital
Rhea-AI Filing Summary
Cabot Corporation (CBT) completed the issuance and sale of $350 million aggregate principal amount of 4.950% senior notes due 2029. These Notes were issued under an automatically effective shelf registration statement on Form S-3ASR and a Base Indenture dated June 22, 2022, as supplemented by a Second Supplemental Indenture dated August 21, 2026.
Cabot intends to use the net proceeds to redeem its $250 million aggregate principal amount of 3.40% Senior Notes due September 2026, with the remaining proceeds allocated to working capital and other general corporate purposes, which may include repayment of commercial paper and any amounts outstanding under its multicurrency revolving credit facility.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
New senior notes principal amount: $350 million
New senior notes interest rate: 4.950%
Existing notes to be redeemed: $250 million
+2 more
5 metrics
New senior notes principal amount
$350 million
Aggregate principal amount of 4.950% senior notes due 2029 issued by Cabot
New senior notes interest rate
4.950%
Coupon on Cabot’s senior notes due 2029
Existing notes to be redeemed
$250 million
Aggregate principal amount of 3.40% Senior Notes due September 2026 targeted for redemption
Existing notes interest rate
3.40%
Coupon on Cabot’s Senior Notes due September 2026
Registration Statement Number
333-276078
Form S-3ASR shelf registration statement used for the notes offering
Key Terms
senior notes, indenture, shelf registration statement, Second Supplemental Indenture, +1 more
5 terms
senior notes financial
"completed the issuance and sale of $350 million aggregate principal amount of 4.950% senior notes due 2029"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
indenture financial
"The Notes were issued pursuant to an indenture (the “Base Indenture”), between Cabot and U.S. Bank Trust Company"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
shelf registration statement regulatory
"registered pursuant to an automatically effective shelf registration statement on Form S-3ASR"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
Second Supplemental Indenture financial
"as supplemented by the Second Supplemental Indenture, dated as of August 21, 2026"
multicurrency revolving credit facility financial
"including, at Cabot’s discretion, repayment of commercial paper and amounts, if any, outstanding under its multicurrency revolving credit facility"
A multicurrency revolving credit facility is a bank line of credit that lets a company borrow, repay and borrow again up to a set limit in more than one currency, much like a business credit card that works in different countries. It matters to investors because it provides short‑term cash flexibility, helps manage currency needs and interest costs, and reduces the risk of running short of funds — all of which affect a company’s liquidity and financial stability.
FAQ
What debt offering did CBT complete on August 21, 2026?
Cabot Corporation completed an offering of $350 million aggregate principal amount of 4.950% senior notes due 2029, issued under a shelf registration statement on Form S-3ASR and an indenture with U.S. Bank Trust Company, National Association, as trustee.
How will Cabot (CBT) use the proceeds from the $350 million notes?
Cabot intends to use the net proceeds to redeem $250 million of its 3.40% Senior Notes due September 2026, with the remaining funds used for working capital and other general corporate purposes, including potential repayment of commercial paper and borrowings under its multicurrency revolving credit facility.
What is the interest rate and maturity of Cabot’s new senior notes (CBT)?
The new Cabot senior notes carry an interest rate of 4.950% and are due in 2029. They were issued as senior unsecured obligations under an existing indenture framework with U.S. Bank Trust Company, National Association, as trustee.
Which existing Cabot (CBT) notes are expected to be redeemed with the new issuance?
Cabot plans to redeem its existing $250 million aggregate principal amount of 3.40% Senior Notes due September 2026 using a portion of the net proceeds from the new $350 million 4.950% senior notes due 2029.
Under what registration statement were Cabot’s 2029 senior notes issued (CBT)?
The 4.950% senior notes due 2029 were issued under an automatically effective shelf registration statement on Form S-3ASR (Registration Statement No. 333-276078) under the Securities Act of 1933, as amended.
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