Braskem S.A. disclosed an amendment to its natural gas supply agreement with Petrobras, its co-controller, executed on August 28, 2026. The amendment extends the contract term from December 31, 2026, to December 31, 2029, and increases the contractual daily quantity of natural gas supplied by Braskem's subsidiary Voqen Energia Ltda. from a range of 300,000 m³/day to 1,000,000 m³/day. The estimated contract value is BRL 1,850,000,000.00. This transaction was approved by Braskem's Board of Directors and deemed to be on arm’s length terms based on market parameters. Braskem operates in the petrochemical industry, producing plastics and chemicals primarily from ethylene derived from both fossil fuels and renewable sources.

Braskem S.A. announced that the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo has granted processing to its extrajudicial reorganization proceeding for the company and certain subsidiaries. The court ratified a 120-day suspension of all ongoing enforcement proceedings, lawsuits, and asset seizures against petitioners by creditors subject to the reorganization. Braskem has 90 days to demonstrate that the required quorum for confirmation of the extrajudicial reorganization plan has been reached. This legal restructuring marks a critical juncture for the company as it seeks to resolve creditor claims and stabilize its operations amidst significant financial distress. Braskem S.A. operates in the petrochemical industry, producing plastics, chemicals, and derivatives primarily in Brazil.

Braskem S.A. filed a request for extrajudicial reorganization with the São Paulo court on August 24, 2026, following Board approval. The filing was supported by unsecured creditors representing 39.6% of subject claims. This action suspends enforceability of debt obligations and initiates negotiations for an updated restructuring plan within 90 days. Key parameters include extending maturities, capitalizing interest during a relief period, potential shareholder liquidity support, and possible equity contributions or claim equitization contingent on future financial metrics. The company reaffirms its commitment to operational continuity while pursuing a consensual solution. Braskem S.A. operates in the petrochemical industry, producing plastics and chemicals.

Braskem S.A. and six affiliated entities filed an extrajudicial restructuring plan in Brazil on August 24, 2026, to address a significant liquidity crisis driven by prolonged petrochemical industry downturns and geopolitical volatility. The filing seeks judicial confirmation of a standstill agreement with signatory creditors holding over one-third of subject claims, suspending debt enforceability for 90 days to facilitate negotiations for an updated plan. Concurrently, the company obtained preliminary relief under Chapter 15 of the U.S. Bankruptcy Code in the Southern District of New York on June 26, 2026, to recognize the Brazilian proceedings. The restructuring aims to restructure unsecured financial debt through maturity extensions, potential payment-in-kind interest, and possible equity contributions from main shareholders Petrobras and Shine I Fundo de Investimento. Braskem operates in the petrochemical industry as the largest producer of thermoplastic resins in the Americas.