Braskem says creditors filed involuntary Chapter 11 petition against Braskem America Finance
BAK•Creditors filed an involuntary Chapter 11 petition against Braskem America Finance, Braskem said. The petition concerns only the finance company and its 2041 notes, with approximately $589 million in principal.
1. Petition details
Braskem said some creditors presented an involuntary Chapter 11 petition against Braskem America Finance Company before a U.S. court. The filing relates solely to the finance company and its indebtedness, consisting exclusively of 2041 notes with approximately $589 million in principal.
