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Ascend blames the bankruptcy on its underlying financial structure and high debt obligations. "Over the last several months, ...

The nylon 6/6 maker says the Chapter 11 bankruptcy process will enable it to deleverage its balance sheet while it restructures.

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The Chapter 11 process will enable Ascend to deleverage the company’s balance sheet and continue providing materials to ...

(Bloomberg) -- Ascend 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.

Ascend Performance Materials on Monday filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the ...