Braskem Is Going to Counterclock in Brazil: It Has 3 Days to Get Support From Debt Creditors
4 Articles
4 Articles
Braskem has stated that discussions with creditors have intensified, but no agreement has yet been reached, and that the deadline expires in just three days.
The negotiations between Braskem and the company's financial creditors are still ongoing and have intensified, but the conditions for the restructuring of petrochemicals have not yet been defined. This is what Braskem stated in response to a clarification requested by the Securities Commission on a subject of the newspaper O Globo which informed that the company should request extrajudicial recovery next week. In the clarification released last …
Braskem, the Brazilian ally of Carlos Slim, is against the ropes, as negotiations to restructure his debt remain without a definitive agreement, just three days before the deadline. The Brazilian petrochemistry reported that the talks have intensified and that it received indicative and non-binding proposals from different groups of creditors for a possible restructuring. Among the alternatives proposed, which are still under review, are an inje…
The Petroqu mica Braskem still has not decided on the possibility of a recovery of the extrajudicial, but has intensified the negotiation with creditors and evaluated measures of protection, said the company to the market on Thursday (20). Braskem answered questions from the CVM (Comiss o de Valores Mobili rios) and the Brazilian Stock Exchange, the B3, where they operate its es in Brazil. Read more (08/21/2026
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