Braskem Creditors Balk at Restructuring Plan as Deadline Looms

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Giovanna Bellotti Azevedo , Rachel Gamarski , and Mariana Durao October 7, 2026 at 9:41 PM UTC Takeaways by Bloomberg AI Braskem’s creditors shunned another restructuring proposal made by the company and its shareholders ahead of a key Oct. 9 deadline for a deal to rework some $11 billion of debt, people familiar with the matter said. After a failed round of talks last month, shareholders pledged about $1 billion in fresh capital to backstop a follow-on offering, but only if the company is able to slash its debt significantly through the restructuring process, three people said, asking not to be named because discussions are private. The terms were seen by creditors as insufficient for an agreement, some of the people said.