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CABOT ISSUES $60 MILLION DEBT UNDER $300 MILLION SHELF REGISTRATION

 CABOT ISSUES $60 MILLION DEBT UNDER $300 MILLION SHELF REGISTRATION
 BOSTON, Aug. 11 /PRNewswire/ -- Cabot Corporation (NYSE: CBT) announced today the issuance of $60 million of unsubordinated debt securities in the form of 20- and 30-year notes with fixed rates ranging from 8.16 percent to 8.47 percent. Cabot will use proceeds from the offering to refinance a portion of short-term paper it currently holds with various banks.
 Commenting on the debt refunding, Cabot CFO John D. Curtin said, "The Medium Term Note (MTN) vehicle made it possible for us to react quickly to the recent drop in interest rates. In fact, for nearly half of this issue we captured the long-term market at its lowest point since January of 1987."
 The $60 million offering is part of a MTN program recently initiated by the company. Forty-five million dollars of 10- and 12-year MTNs were issued on July 22, 1992.
 Cabot Corporation is a Fortune 300 company with operations in specialty chemicals and materials and energy.
 -0- 8/11/92
 /CONTACT: Bill Cavers, senior associate, treasury, 617-342-6048/
 (CBT) CO: Cabot Corporation ST: Massachusetts IN: CHM OIL SU:


DH -- NE012 -- 9005 08/11/92 13:11 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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