Activist investor Elliott and SVP Global have bought into Braskem's debt, adding tough new players to the restructuring of the petrochemical maker.
Elliott and SVP Global bought Braskem debt—Latin America's largest petrochemical maker facing $150M in July bond payments. Elliott will press for better terms as Petrobras exits: a template for LA restructurings without state backstop, affecting plastic supply chains.
Markets · Credit
Key Facts
—The new players. The activist investor Elliott and the credit firm SVP Global have bought into Braskem’s debt.
—The target. Braskem is Latin America’s largest petrochemical maker, and it is racing to restructure a heavy debt load.
—The clock. The company faces about $150 million of bond interest in July that it would rather not pay.
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Segundo a agência Bloomberg, petroquímica, que passa por mudanças na gestão, busca obter apoio de credores antes de pagamentos…
Agora controlada pela gestora IG4 e pela Petrobras, companhia tem pacote de desinvestimentos e quer poupar México
Pela frente, a companhia terá de lidar com questões urgentes e convencer credores, no Brasil e no México
