Cabot increases revolver to $750 million via $200 million accordion

By Angela McDaniels

Tacoma, Wash., July 17 - Cabot Corp. increased its revolving credit facility due Aug. 25, 2016 to $750 million from $550 million on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The interest rate is Libor plus 65 basis points to 112.5 bps, and the commitment fee is 10 bps to 25 bps.

Borrowings under the revolver may be made in multiple currencies and used for working capital requirements, letters of credit and other general corporate purposes, including acquisitions and capital expenditures.

JPMorgan Chase Bank, NA is the administrative agent.

Cabot is a Boston-based specialty chemicals and performance materials company.

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