Braskem Idesa files Chapter 11 to cut senior debt by more than US$920 million
Reuters2026/08/18 05:17- Braskem Idesa entered a prepackaged Chapter 11 to implement a consensual debt restructuring.
- Plan targets a cut in total senior debt to about USD 1.6 billion from about USD 2.5 billion.
- Braskem will contribute USD 476 million, including amounts funded before the filing.
- Braskem will retain a majority stake in the reorganized equity; Idesa will be the largest minority shareholder.
- Braskem Idesa expects to exit Chapter 11 within about 60 to 90 days; operations to continue without interruption.
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