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
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Cabot Corporation Prices $350 Million Senior Unsecured Notes Offering Due 2029
Cabot Corporation priced a $350 million public offering of senior unsecured notes, maturing in 2029, for debt repayment and general purposes.
Quiver AI Summary
Cabot Corporation announced the pricing of a public offering of $350 million in 4.950% senior unsecured notes set to mature in 2029. The notes will be sold at approximately 99.993% of their face value, with interest payments occurring semiannually starting February 15, 2027. The offering is expected to close on August 21, 2026, pending standard closing conditions. Proceeds will be used primarily to repay existing senior unsecured notes due in September 2026 and for general corporate purposes, including working capital. The offering is managed by multiple financial institutions, and the related prospectus can be accessed via the SEC's online database. This announcement emphasizes that it does not constitute an offer to sell securities in jurisdictions where such an offer would be illegal.
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FAQ
What amount did Cabot Corporation announce for the public offering?
Cabot Corporation announced a public offering of $350 million of senior unsecured notes due 2029.
What is the interest rate on Cabot's senior unsecured notes?
The interest rate on Cabot's senior unsecured notes is 4.950% and will be paid semiannually.
When is the expected closing date for the notes offering?
The expected closing date for the notes offering is August 21, 2026, subject to customary conditions.
How will Cabot use the net proceeds from the offering?
Cabot intends to use the net proceeds to repay existing senior unsecured notes and for general corporate purposes.
Who are the joint book-running managers for this offering?
The joint book-running managers for the offering are Citigroup, J.P. Morgan, PNC Capital Markets, U.S. Bancorp, and others.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CBT Insider Trading Activity
$CBT insiders have traded $CBT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CBT stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CBT Revenue
$CBT had revenues of $982M in Q3 2026. This is an increase of 6.39% from the same period in the prior year.
You can track CBT financials on Quiver Quantitative's CBT stock page.
You can access data on CBT stock through the Quiver Quantitative API.
$CBT Hedge Fund Activity
We have seen 191 institutional investors add shares of $CBT stock to their portfolio, and 154 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CBT Price Targets
Multiple analysts have issued price targets for $CBT recently. We have seen 4 analysts offer price targets for $CBT in the last 6 months, with a median target of $88.0.
Here are some recent targets:
Full Release
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
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