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Braskem Shareholders Pull Funding Offer as Debt Talks Hit Snags

Bloomberg Markets Friday 06 November 2026, 19:38 UTC By Mariana Durao and Giovanna Bellotti Azevedo 1 min read
Key Points

EXCLUSIVE Braskem Shareholders Pull Funding Offer as Debt Talks Hit Snags Talks between Brazil’s Braskem SA and its creditors regarding an out-of-court debt rework have soured, with shareholders taking a proposed capital injection off the table, according to people familiar with the matter. After meetings with creditors in New York this week, shareholders decided to go back on a pledge to inject capital into Braskem after bondholders rejected a proposal that included $3.8 billion in debt...

EXCLUSIVE Braskem Shareholders Pull Funding Offer as Debt Talks Hit Snags Talks between Brazil’s Braskem SA and its creditors regarding an out-of-court debt rework have soured, with shareholders taking a proposed capital injection off the table, according to people familiar with the matter. After meetings with creditors in New York this week, shareholders decided to go back on a pledge to inject capital into Braskem after bondholders rejected a proposal that included $3.8 billion in debt conversion during meetings in New York this week, the people said, asking not to be named discussing private matters.
Braskem Shareholders Pull Funding Offer as (ORG) Brazil (LOCATION) Braskem SA (ORG) New York (LOCATION) Braskem (LOCATION)
Originally published by Bloomberg Markets Read original →

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