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People & Business :: Companies

Cabot Issues $300 Million in New Debt

3:23 PM MDT | September 21, 2009 | Vincent Valk

Cabot Corporation is selling $300 million in new debt, the company says. The debt carries an interest rate of 5% and will mature in 2016. The first interest payment will be on April 1, 2010, and payments will be made twice annually. Proceeds from the sale, which is expected to close on September 24, will go toward repaying money drawn from Cabot's credit facility. J.P. Morgan and Bank of America Merrill Lynch are joint book-running managers for the debt...

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