The Firm represented the underwriters, led by J.P. Morgan Securities LLC and Citigroup Global Markets Inc., in connection with a public offering by Cabot Corporation (“Cabot”) of $250 million of its 3.4% Senior Notes due 2026. The offering closed on September 15, 2016.
Cabot is a global specialty chemicals and performance materials company and is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica and aerogel. It intends to use the net proceeds of the offering, together with cash on hand, to redeem its outstanding 5% Senior Notes due October 1, 2016.
The Simpson Thacher team included Art Robinson, David Azarkh, Dan Areshenko and Clark Warthen (Capital Markets); Jonathan Cantor and Michelle Goldring (Tax); Paul Koppel, Alina Grinman and Joo Hyun Lee (Executive Compensation and Employee Benefits); Mike Isby and Louise Kruger (Environmental); Linda Nyberg (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).