Key Facts
—The order. A São Paulo court granted Braskem a 60-day shield on June 26, freezing creditor seizures and lawsuits while it tries to renegotiate its debt.
—The company. Braskem (B3: BRKM5; NYSE: BAK) is the largest petrochemical maker in the Americas, co-owned by private-equity firm IG4 Capital and state oil company Petrobras.
—The pile. Gross debt sits near 9.4 billion dollars (about R$48.6bn), built up over a long slump in plastics prices and a costly mining disaster in Maceió.
—The clock. The window covers roughly 141 million dollars of bond interest due in July and a further 36 million in August that the company has signalled it will not pay on time.
