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Cabot amends revolver, increases maximum leverage ratio allowed

Jun. 08, 2020 5:38 PM ETCabot Corporation (CBT) StockBy: Vandana Singh, SA News Editor
  • Cabot (NYSE:CBT) -1.24% AH after the company amends its revolving credit facilities and now the maximum leverage ratio applicable on the last day of each fiscal quarter will increase to 4.5x beginning with the quarter ending September 30, 2020 and through the quarter ending June 30, 2021.
  • There were no changes in material terms under the agreements.
  • The maximum leverage ratio was previously 3.5x for the term of these credit facilities.
  • The agreements are scheduled to mature in October 2022

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