Financing ·
Braskem denies reports it has reached agreement with creditors on restructuring plan
BAKBraskem SA
Braskem S.A. responded to a request from B3 to clarify media reports suggesting the company and its creditors had converged on a financial restructuring plan involving a capital contribution from Petrobras and debt-to-equity conversion. The company stated that while it has exchanged non-binding, indicative proposals with certain investors regarding an Updated Plan for its extrajudicial reorganization, no agreement on final terms has been reached. The deadline to reach an agreement in principle has been extended to October 30, 2026. Braskem reaffirmed its commitment to pursuing a consensual solution while maintaining operations. The company is the largest resin producer in the Americas and operates in the petrochemical industry.