#Latest news with #AscendPerformanceMaterialsInc.Bloomberg21-04-2025BusinessBloombergSK Capital-Backed Chemical Business Ascend Files BankruptcyAscend Performance Materials Inc., a chemicals business backed by SK Capital Partners, has filed bankruptcy and said it intends to restructure with support from its lenders. Houston-based Ascend and its corporate affiliates sought court protection Monday in Texas listing assets and liabilities each of between $1 billion and $10 billion on its Chapter 11 petition.
Bloomberg21-04-2025BusinessBloombergSK Capital-Backed Chemical Business Ascend Files BankruptcyAscend Performance Materials Inc., a chemicals business backed by SK Capital Partners, has filed bankruptcy and said it intends to restructure with support from its lenders. Houston-based Ascend and its corporate affiliates sought court protection Monday in Texas listing assets and liabilities each of between $1 billion and $10 billion on its Chapter 11 petition.