0000095953-25-000019 Sample Contracts
Ascent Industries. Co.Asset Purchase Agreement • April 8th, 2025 • Ascent Industries Co. • Steel pipe & tubes
On March 12, 2025 Ascent Industries, Co. (“Ascent”) and its wholly-owned subsidiaries Synalloy Metals, Inc. (“Synalloy Metals”) and Bristol Metals, LLC (“BRISMET”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) pursuant to which they sold substantially all of the assets, and certain specified liabilities (the “Transaction”), related to BRISMET to Bristol Pipe and Tube, Inc., a Delaware Corporation (the “Purchaser”). The purchase price for the transaction was approximately $45 million of cash proceeds subject to certain closing adjustments. The Transaction closed April 4, 2025 (the “Closing Date”). The disposition of BRISMET met the criteria pursuant to Accounting Standards Codification (“ASC”) 205-20, Discontinued Operations, and are classified as a discontinued operation in the Company’s consolidated financial statements beginning in the first quarter of 2025. The operations of BRISMET were previously included in continuing operations in the Company’s historical
LIMITED CONSENT, FOURTH AMENDMENT TO CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO LOAN DOCUMENTSFourth Amendment to Credit Agreement • April 8th, 2025 • Ascent Industries Co. • Steel pipe & tubes • New York
This LIMITED CONSENT, FOURTH AMENDMENT TO CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO LOAN DOCUMENTS, dated as of April 4, 2025 (this “Amendment”), is entered into by and among ASCENT INDUSTRIES CO. (f/k/a Synalloy Corporation), a Delaware corporation (“Ascent”), CRI TOLLING, LLC, a South Carolina limited liability company (“CRI”), MANUFACTURERS SOAP & CHEMICAL COMPANY, a Tennessee corporation (“Manufacturers Soap”), MANUFACTURERS CHEMICALS, LLC, a Tennessee limited liability company (“Manufacturers Chemicals”), SYNALLOY METALS, INC., a Tennessee corporation (“Synalloy Metals”), BRISTOL METALS, LLC, a Tennessee limited liability company (“Bristol Metals”), PALMER OF TEXAS TANKS, LLC, a Texas limited liability company (“Palmer of Texas”), AMERICAN STAINLESS TUBING, LLC, a North Carolina limited liability company (“American Stainless Tubing”), DANCHEM TECHNOLOGIES, INC., a Delaware corporation (“DanChem” and together with Ascent, CRI, Manufacturers Soap, Manufacturers Chemicals, Synalloy M
STORE/ Ascent (Synalloy) Fifth Amended and Restated Master Lease 8 Properties in OH, NC, PA, SC, TN and TX File No. 7210/02-475 4917-5155-8937.2 FIFTH AMENDED AND RESTATED MASTER LEASE AGREEMENT THIS FIFTH AMENDED AND RESTATED MASTER LEASE AGREEMENT...Master Lease Agreement • April 8th, 2025 • Ascent Industries Co. • Steel pipe & tubes