Key facts
- Elliott Investment Management and SVP have acquired debt from Braskem.
- Braskem is a Brazilian petrochemical producer.
- The company is seeking creditor approval for a restructuring plan.
- Elliott and SVP intend to propose alternative restructuring terms.
Elliott Investment Management and SVP have acquired debt from Braskem, the Brazilian petrochemical producer. The company is currently in the process of seeking creditor approval for its restructuring plan. Elliott and SVP plan to advocate for restructuring terms different from the proposals currently on the table.