Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.26.1
Subsequent Events
 6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 17, 2026, the Company entered into an Omnibus Joinder to Loan Documents with BMO Bank N.A. and the other lenders under the Company’s credit facility (the “Credit Facility Amendment”). The Credit Facility Amendment was entered into in connection with the Company's acquisition of Midwest. In connection with the acquisition, the Company formed Ascent Chemicals - MGS, LLC, a wholly-owned subsidiary, to hold the acquired business and the related assets. Pursuant to the amendment, the Credit Agreement was amended to reflect the addition of Ascent Chemicals - MGS, LLC as a loan party and to make certain related conforming changes, including updates to the schedules and exhibits thereto. The maximum revolving loan commitment under the credit facility remains $30 million with an interest rate between 1.85% and 2.35%, depending on average availability under the credit facility and the Company's consolidated fixed charge coverage ratio. The term of the credit facility remains through December 31, 2027. See Note 9 for additional information on the Company's credit facilities.
In July 2026, the Company received the $0.8 million of funds previously held in escrow related to the ASTI divestiture. See Note 3 for additional information on the Company's discontinued operations.