Braskem seeks out-of-court restructuring for USD 10.9 billion in unsecured debt
BAK•Board authorizes restructuring filing
Braskem’s board authorized a filing for an out-of-court restructuring under Brazil’s insolvency law.
The plan targets about USD 10.9 billion of unsecured financial obligations.
Trade payables to suppliers, customers, and other stakeholders are excluded, with contracts to be performed as normal.
