The Firm represented the underwriters, led by J.P. Morgan Securities LLC, Mizuho Securities USA LLC and U.S. Bancorp Investments, Inc., in connection with a public offering by Cabot Corporation (“Cabot”) of $400 million of its 5.0% Senior Notes due 2032. The offering closed on June 22, 2022.
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 David Azarkh, Rachel Lerman and Katie Lunt (Capital Markets); Jonathan Cantor (Tax); Joo Hyun Lee (Executive Compensation and Employee Benefits); Mike Isby (Environmental); Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA and Blue Sky).