Ascent Industries Amends Credit Facility With BMO, Adds Ascent Chemicals as Loan Party
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Ascent Industries Co. has amended its credit agreement with BMO Bank N.A., allowing for the lease assignment of its former facility and organizational changes, including creating Ascent Chemicals, LLC. Ascent Chemicals is now a loan party to the credit facility. A limited waiver was granted for a previous default related to share repurchase limits, preventing obligation acceleration.
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