Key facts
- Braskem SA is seeking creditor support for debt restructuring.
- The company aims to begin an out-of-court restructuring process.
- Debt payments are scheduled for July.
Braskem SA, a major player in the petrochemicals industry, is reportedly seeking backing from its creditors to commence an out-of-court restructuring. This strategic move is being considered in anticipation of debt obligations that are due in July. The company is engaging with its creditors to gain their support for this process, which aims to address its financial situation outside of formal legal proceedings.