Braskem could file for an out-of-court restructuring of more than US$10 billion in debt by a 24 August deadline, as creditors press Petrobras for fresh cash.
Brazil · Business
Key Facts
—The move Braskem could file for an out-of-court restructuring as soon as this month, according to Reuters, sources say.
—The debt the plan would rework more than US$10 billion of debt across Brazil, the United States and Europe.
—The deadline a court shield that protects the company from creditors expires on 24 August 2026.
Braskem avalia pedir recuperação extrajudicial ainda em agosto, diz agência
Braskem avalia pedir recuperação extrajudicial ainda em agosto, dizem fontes
Braskem rejeita proposta de empréstimo de US$ 700 milhões na reestruturação
Braskem planeja usar recuperação extrajudicial para detalhar plano com credores, dizem fontes
Credores da Braskem ainda pressionam por injeção de capital da Petrobras, diz agência
