Ascend Performance, Lenders Enter Private Talks as Loan Tumbles

Some creditors to Ascend Performance Materials have entered into confidential talks with the chemicals maker to provide it with fresh cash, according to people familiar with the situation.

• Negotiations come as the Houston-based firm looks to tackle next year’s loan maturity and shore up its liquidity coffers amid earnings pressure, said the people, who asked not to be identified discussing a private matter
• A representative for Ascend Performance declined to comment
• The company’s loan fell further into distress; down about 20 cents over the last week
  • Its more-than-$1 billion loan maturing in August 2026 was quoted at 52.10 cents on ...