debt
confidence high
sentiment negative
materiality 0.60
Ascent Industries reduces credit facility from $80M to $60M, extends maturity to Dec 2027, interest margin increased
ASCENT INDUSTRIES CO.
- Maximum revolving loan commitment reduced from $80 million to $60 million.
- Credit facility term extended through December 31, 2027.
- Interest rate margin increased to SOFR plus 1.85%-2.35% from 1.85%-2.10%.
- Amendment entered into with BMO Bank N.A. on November 6, 2024.