Braskem Creditors and Shareholders Edge Closer to Agreement on $11 Billion Debt Restructuring
Creditors and major shareholders of Braskem SA are moving closer to an agreement to restructure approximately $11 billion in debt, marking the closest the opposing sides have come during ongoing out-of-court negotiations. Negotiation documents released on Saturday outline proposals from both the petrochemical company and its creditors that incorporate a follow-on equity offering alongside a … The post Braskem Creditors and Shareholders Edge Closer to Agreement on $11 Billion Debt Restructuring appeared first on MISRYOUM.