LIMITED CONSENT, SECOND AMENDMENT TO CREDIT AGREEMENT AND OMNIBUS AMENDMENT TO LOAN DOCUMENTSCredit Agreement • December 29th, 2023 • Ascent Industries Co. • Steel pipe & tubes • New York
ContractAsset Purchase Agreement • December 29th, 2023 • Ascent Industries Co. • Steel pipe & tubes • Delaware
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS AGREEMENT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
TRANSITION SERVICES AGREEMENTTransition Services Agreement • December 29th, 2023 • Ascent Industries Co. • Steel pipe & tubes • Delaware
This TRANSITION SERVICES AGREEMENT (this “Agreement”) is dated as of December 22, 2023 (“Effective Date”), by and between Ascent Industries Co., a Delaware corporation (“Provider”) and Specialty Pipe & Tube Operations LLC, a Delaware limited liability company (“Purchaser”). Capitalized terms used herein shall have the meanings given thereto in the Asset Purchase Agreement by and among the Provider and Purchaser and Specialty Pipe & Tube, Inc. (the “Company”) dated as of December 22, 2023 (the “Purchase Agreement”).
EMPLOYEE LEASING SERVICES AGREEMENTEmployee Leasing Services Agreement • December 29th, 2023 • Ascent Industries Co. • Steel pipe & tubes • Delaware
THIS EMPLOYEE LEASING SERVICES AGREEMENT (this “Agreement”) is made and entered into effective as of December 22, 2023 (the “Effective Date”), by and between Ascent Industries Co., a Delaware corporation (“Provider”) and Specialty Pipe & Tube Operations LLC, a Delaware limited liability company (“Purchaser”). Capitalized terms used herein shall have the meanings given thereto in the Asset Purchase Agreement by and among the Provider and Purchaser and Specialty Pipe & Tube, Inc. (the “Company”) dated as of December 22, 2023 (the “Purchase Agreement”).
Ascent Industries. Co.Asset Purchase Agreement • December 29th, 2023 • Ascent Industries Co. • Steel pipe & tubes
On December 22, 2023, Specialty Pipe & Tube, Inc. ("SPT") a Delaware corporation and wholly owned subsidiary of Ascent Industries, Co. a Delaware corporation (the "Company"), entered into an Asset Purchase Agreement ("Transaction Agreement") with Specialty Pipe & Tube Operations, LLC., a Delaware limited liability company (the "Purchaser"). Pursuant to the Transaction Agreement, the Company sold to the Purchaser substantially all the assets, and certain specified liabilities, of SPT (the "Transaction"). The total purchase price was $55 million of cash proceeds plus certain closing adjustments.
