Braskem Creditors Demand $3B Equity Injection Amid Debt Restructuring
14 Articles
14 Articles
Braskem creditors are asking the company's controllers to inject $3 billion in new capital, according to people who are aware of the issue — a sign of growing tensions in the negotiations to restructure a debt of about $11 billion. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Braskem creditors demand $3B equity injection amid debt restructuring
Braskem SA (BAK) creditors are demanding that controlling shareholders Petrobras (PBR) and IG4 Capital Group inject $3B in fresh equity into the troubled Brazilian petrochemical producer, according to a report by Bloomberg.
Braskem Creditors Ask Owners for $3 Billion Capital Injection
Petrobras (PETR4), as shareholder of the petrochemicals Braskem (BRKM5), participates in the process of extrajudicial recovery and understands that a consensus with creditors will be reached, said the director of Industrial Processes and Products of the state, William France, on Thursday (24). We are looking to guarantee a capital structuring plan within the RE (extrajudicial recovery), that [...]
The operation takes place after Shine I completed, in June, the acquisition of the ordinary and preferential shares that represented the shareholder control of Braskem
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