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Stock impact report

Ascend Performance Materials Successfully Emerges from Chapter 11 [Yahoo! Finance]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
HOUSTON Dec. 19, 2025 /PRNewswire/ -- Ascend Performance Materials, a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, today announced the completion of its financial restructuring process and emergence from Chapter 11 bankruptcy protection. The Company's Plan of Reorganization, confirmed by the U.S. Bankruptcy Court on December 9, 2025, is now effective. Ascend achieved the objectives it set for this process, including reducing its total long-term debt by approximately $1.3 billion, securing access to a $350 million asset-based credit facility, strengthening its liquidity position through more than $600 million of new capital provided by its new shareholders, and materially lowering its debt service costs, which will enable Ascend to reinvest in reliability, efficiency, and long-term growth. "Today marks the final milestone in Ascend's restructuring process, and we are thrilled to be emerging from Chapter 11 with Show less Read more
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