The Firm represented the underwriters, led by J.P. Morgan Securities LLC and Citigroup Global Markets Inc., as joint book-running managers, in connection with a public offering by Cabot Corporation (“Cabot”) of $600 million of senior debt securities, consisting of $250 million of 2.55% Notes due 2018 and $350 million of 3.70% Notes due 2022.
Cabot is a global specialty chemicals and performance materials company. It intends to use the net proceeds of the offering to fund a portion of the consideration for its acquisition of Norit N.V., a global leader in activated carbon. The acquisition is expected to close by the end of 2012.
The Simpson Thacher team for the transaction included Art Robinson, Patrick Baron, Lia Toback, Dora Jimenez, Townshine Wu (Corporate); Jonathan Cantor and Jodi Sackel (Tax); David Rubinsky and Sarah Dale (Executive Compensation and Employee Benefits); Mike Isby (Environmental); Samantha Himelman (Intellectual Property) and Jennie Getsin (FINRA and Blue Sky). Summer Associates Shanita Nicholas and Scott Blumenkranz also assisted on the transaction.
