Cabot Corporation (CBT) prices $350M 4.950% notes due 2029 in underwritten deal
Rhea-AI Filing Summary
Cabot Corporation entered into an Underwriting Agreement with Citigroup, J.P. Morgan, PNC and U.S. Bancorp for the issuance and sale of $350 million aggregate principal amount of 4.950% notes due 2029. The notes will be issued under an indenture with U.S. Bank Trust Company, National Association as trustee and are registered under an automatically effective shelf registration statement on Form S-3ASR filed on December 15, 2023. Cabot expects to complete the issuance and sale of the notes on or about August 21, 2026, subject to customary closing conditions. Estimated offering expenses other than underwriting discounts and commissions total $1,080,000, including a $48,332 SEC registration fee and $586,250 of rating agency fees.
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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, and exhibit attachments filed with this report.
Key Figures
Notes principal amount: $350 million
Coupon rate: 4.950%
Expected closing date: August 21, 2026
+5 more
8 metrics
Notes principal amount
$350 million
Aggregate principal amount of 4.950% notes due 2029 to be issued
Coupon rate
4.950%
Stated interest rate on Cabot’s notes due 2029
Expected closing date
August 21, 2026
Expected completion date of the issuance and sale of the notes
Total estimated expenses
$1,080,000
Estimated expenses of issuance excluding underwriting discounts and commissions
SEC registration fee
$48,332
SEC registration fee under the Securities Act for the notes offering
Rating agency fees
$586,250
Estimated rating agency fees related to the notes issuance
Legal fees and expenses
$300,000
Estimated legal fees and expenses for the transaction
Accounting fees and expenses
$110,000
Estimated accounting fees and expenses for the notes offering
Key Terms
Underwriting Agreement, shelf registration statement on Form S-3ASR, indenture, trustee, +1 more
5 terms
Underwriting Agreement financial
"entered into an Underwriting Agreement with Citigroup Global Markets Inc., J.P. Morgan"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
shelf registration statement on Form S-3ASR regulatory
"registered pursuant to an automatically effective shelf registration statement on Form S-3ASR"
indenture financial
"The Notes will be issued pursuant to a base indenture, as supplemented by a second"
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.
trustee financial
"to be executed by and between Cabot and U.S. Bank Trust Company, National Association, as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Miscellaneous financial
"Miscellaneous | | $ | 5,918 | Total | | $ | 1,080,000"
FAQ
What debt securities is Cabot Corporation (CBT) issuing in this 8-K?
Cabot Corporation is issuing $350 million aggregate principal amount of 4.950% notes due 2029. These notes are being sold under an Underwriting Agreement with major investment banks and are registered on an automatically effective Form S-3ASR shelf.
When is Cabot Corporation (CBT) expected to close the $350 million notes offering?
Cabot expects to complete the issuance and sale of the $350 million 4.950% notes due 2029 on or about August 21, 2026. Closing is subject to the satisfaction of customary conditions specified in the Underwriting Agreement and related indenture documentation.
What are the estimated offering expenses for Cabot Corporation’s (CBT) 2029 notes?
Estimated expenses, excluding underwriting discounts and commissions, total $1,080,000. This includes a $48,332 SEC registration fee, $586,250 in rating agency fees, $300,000 in legal fees, and other accounting, trustee, printing and miscellaneous costs.
Which banks are underwriting Cabot Corporation’s (CBT) $350 million notes?
The offering is underwritten by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., acting as representatives of the several underwriters named in Schedule 1 to the Underwriting Agreement.
Under what legal framework are Cabot Corporation’s (CBT) 2029 notes being issued?
The notes are issued under a base indenture and a second supplemental indenture with U.S. Bank Trust Company, National Association as trustee, and registered under an automatically effective Form S-3ASR shelf registration statement (No. 333-276078).
What regulatory fee did Cabot Corporation (CBT) pay for registering the 2029 notes?
Cabot lists an SEC registration fee of $48,332 under the Securities Act of 1933. This fee is part of total estimated offering expenses of $1,080,000 for the $350 million 4.950% notes due 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
