Cabot Corp. (CBT) said it priced a public offering of $300 million of 5% senior unsecured notes due 2016. The notes are being sold to the public at 99.322%, resulting in a yield to maturity of 5.1%. Cabot would pay interest on the notes semi-annually on October 1 and April 1 of each year, beginning on April 1, 2010. The sale of the notes is expected to close on September 24, 2009, subject to customary closing conditions. Cabot intends to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.