Ascent Industries Co. Announces Limited Consent, Fifth Amendment to Credit Agreement with BMO Bank N.A

Published: 2025-07-02 12:40:23 ET ACNT

Published on 07/02/2025 at 12:40

On June 30, 2025, Ascent Industries Co. entered into a Limited Consent, Fifth Amendment to Credit Agreement and Omnibus Amendment to Loan Documents with BMO Bank N.A. and the other lenders under Ascent?s credit facility. The Credit Facility Amendment contains a consent for the previously announced American Stainless Tubing, LLC ("ASTI") divestiture, released the lien on the assets of ASTI and removed ASTI as a loan party.

The maximum revolving loan commitment under the credit facility remains $30 million with an interest rate margin of between 1.85% and 2.35%, depending on average availability under the credit facility and Ascent?s consolidated fixed charge coverage ratio.