Cabot’s $300 Million Bond Offering


Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and U.S. Bancorp Investments, Inc., in connection with a public offering by Cabot Corporation (“Cabot”) of $300 million of its 4% Senior Notes due 2029. Ropes & Gray LLP advised Cabot Corporation on the deal.

Cabot is a global specialty chemicals and performance materials company and is a leading provider of rubber and specialty grade carbon blacks, specialty compounds, fumed metal oxides, activated carbons, inkjet colorants, aerogel, cesium formate drilling fluids and fine cesium chemicals. It intends to use the net proceeds of the offering to repay a portion of its outstanding commercial paper and the remainder, if any, for working capital and other general corporate purposes.

The Simpson Thacher team included Art Robinson (Picture), David Azarkh, Sean Dougherty and Elise Quinones (Capital Markets); Jonathan Cantor and Pierce Pandolph (Tax); Joo Hyun Lee (Executive Compensation and Employee Benefits); Mike Isby (Environmental); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Sean Dougherty – Shearman & Sterling; David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Elise Quinones – Simpson Thacher & Bartlett; Arthur Robinson – Simpson Thacher & Bartlett;

Law Firms: Shearman & Sterling; Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; U.S. Bancorp Investments;

Author: Ambrogio Visconti