Ascent Industries Amends Credit Facility With BMO, Adds Ascent Chemicals as Loan Party

Reuters

2025/12/16

Ascent Industries Amends Credit Facility With BMO, Adds Ascent Chemicals as Loan Party

Ascent Industries Co. has entered into a Limited Waiver, Consent, and Sixth Amendment to its existing credit agreement with BMO Bank N.A. and other lenders. The amendment allows for the assignment of the lease for Ascent's former tubular facility in Munhall, Pennsylvania, and approves certain organizational changes, including the creation of a new holding company, Ascent Chemicals, LLC, to own all of Ascent's chemical manufacturing businesses. The amendment also adds Ascent Chemicals as a loan party to the credit facility. Additionally, the lenders have granted a limited waiver for a previous event of default related to Ascent's repurchase of shares that exceeded set limits, and they have agreed not to accelerate any obligations as a result of this waiver.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascent Industries Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000095953-25-000130), on December 15, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascent Industries Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000095953-25-000130), on December 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251215:nNDL3FlHqB:1","article_id":"2591624845","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591624845","pubTimestamp":1765833115,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ascent Industries Co. has entered into a Limited Waiver, Consent, and Sixth Amendment to its existing credit agreement with BMO Bank N.A. and other lenders. 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The amendment allows for the assignment of the lease for Ascent's former tubular facility in Munhall, Pennsylvania, and approves certain organizational changes, including the creation of a new holding company, Ascent Chemicals, LLC, to own all of Ascent's chemical manufacturing businesses. The amendment also adds Ascent Chemicals as a loan party to the credit facility. Additionally, the lenders have granted a limited waiver for a previous event of default related to Ascent's repurchase of shares that exceeded set limits, and they have agreed not to accelerate any obligations as a result of this waiver.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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