Braskem discloses to investors details of its proposals to restructure US$11 billion debt
Brazilian petrochemical company Braskem said it disclosed to certain debt holders and investors the details of restructuring proposals tied to an out-of-court proceeding to renegotiate US$11 billion in debt. In a regulatory filing, the company said that after several meetings with its main shareholders and investors, none of the restructuring proposals was accepted and the parties have not yet reached an agreement on the terms. The details disclosed include an updated business plan and one proposal from the company and another from investors.
In 40 seconds
- Braskem disclosed to debt holders and investors details of proposals to restructure US$11 billion in debt.
- None of the restructuring proposals was accepted and there is still no agreement on the terms.
- The company presented an updated business plan, along with its own proposal and one from investors.
Read the full story at Bloomberg Línea
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.
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