Ascent Industries Corp. announced that it has completed a refinancing of its two senior secured debt facilities and has obtained working capital for its business, through a private international lender. Under the Refinancing, the Company has replaced both the $1.7 million first mortgage attached to its Maple Ridge property in Canada (the mortgage), and the $4 million convertible note in respect of the Company's Las Vegas, Nevada, property, with a single loan secured against the Maple Ridge and Nevada properties that includes working capital of approximately $1 million. The Refinancing consolidates both the Mortgage and Convertible Note into one secured loan, which with the working capital portion totals $7 million, bearing interest at a rate of 10% per annum and due on July 15, 2019 or such later date as agreed between the Company and the lender. The Refinancing also eliminates the conversion feature attached to the Convertible Note pursuant to which the Company would have been required to issue over 11 million shares at the strike price of $0.35 per share if converted.