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Ascend Performance Materials Announces Confirmation of Restructuring Plan
Ascend will emerge from Chapter 11 with less debt and a stronger capital structure, supported by lenders to accelerate profitable growth and maintain operations.
- 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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Total News Sources26
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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