Braskem Weighs an Out-of-Court Restructuring as an August Deadline Nears
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3 Articles
Braskem plant in Maceió, where petrochemicals used to exploit salt-gem. Disclosure/Braskem The petrochemicals Braskem is in advanced discussions for a potential request for extra-judicial recovery, which can still be filed this month, aiming at equating more than US$ 10 billion in debts in its operations in Brazil, the United States and Europe, told Reuters on Wednesday (12) two people familiar with the negotiations. The company, controlled by t…
Braskem Weighs an Out-of-Court Restructuring as an August Deadline Nears
Braskem, Brazil's largest petrochemical company, is preparing to restructure more than US$10 billion of debt out of court and could file as soon as this month, Reuters reports, ahead of a 24 August 2026 deadline. Creditors, including the fund Elliott, are pressing shareholder Petrobras to inject fresh capital before they agree to a deal. The post Braskem Weighs an Out-of-Court Restructuring as an August Deadline Nears appeared first on The Rio T…
The new administration of Braskem stated on Friday (14) that it negotiates them with creditors banks and holders of securities of life of the company is evolving positively to give petroqu mica a structure of sustainable vel capital. Read more (08/14/2026
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