Cabot Corp Signs $1.3 Billion Revolving Credit Facility, Replacing Two Smaller Facilities
Cabot Corporation entered into a $1.3 billion unsecured revolving credit agreement on May 12, 2026, maturing May 12, 2031, and used it to terminate its existing $1 billion and EUR 300 million revolving credit agreements, both scheduled to mature August 6, 2027. The filing does not report any drawn balance or change in debt levels, so the effect on shareholders is a larger, longer-dated credit line with covenants that include a leverage test.
Key points
- New $1.3 billion unsecured revolver dated May 12, 2026, matures May 12, 2031, for general corporate purposes in multiple currencies
- Margin of 0.68% to 1.20% over benchmark rates, depending on the Company's credit ratings
- Leverage covenant caps net debt at 3.75 to 1.00 of trailing four-quarter EBITDA, rising to 4.25 to 1.00 after a material acquisition
- Terminated the $1 billion revolver with JPMorgan Chase and the EUR 300 million revolver with PNC Bank, both scheduled to mature August 6, 2027
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.