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Ascend Performance Materials Announces Confirmation of Restructuring Plan

Dec. 9, 2025, Ascend Performance Materials announced the United States Bankruptcy Court for the Southern District of Texas confirmed its Plan of Reorganization.
To reduce leverage and fund growth, Ascend restructured its debt with support from the Ad Hoc Group of Term Loan Lenders and other lenders who supported the Plan.
Ascend retained legal and financial advisers including Kirkland & Ellis LLP, FTI Consulting and PJT Partners, while creditor counsel Gibson, Dunn & Crutcher LLP and Evercore Group L.L.C. advised the Ad Hoc Group; case materials are available via Epiq at 890-9917 and +1 385-8728.
Operating as usual, Ascend continues normal operations while expected to emerge from Chapter 11 in coming weeks and complete restructuring by year's end.
Phil McDivitt said the plan positions Ascend to accelerate profitable growth while maintaining commitments to safety and quality, affecting the global workforce and supply chains; details are at www.ascendmaterials.com/strengthening-ascend.

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