What is the total amount of unsecured financial debt Braskem is seeking to restructure, and what specific bank-related relief is it requesting in its amended petition?

Braskem and its affiliates are seeking out-of-court restructuring for R$187.07 billion in financial unsecured debt, as stated in their amended petition filed in a São Paulo court. The company is specifically requesting a stay period to suspend legal actions and executions against it, including the prevention of setoff against over R$400 million in bank deposits.

What level of creditor support does Braskem currently have for its restructuring plan, and what is the deadline to secure majority consent for court homologation?

Braskem’s restructuring plan has initial support from creditors representing 39.6% of the covered financial claims. The company has 90 days to obtain majority consent from creditors to enable court homologation of the plan.

Braskem Debt Plan Puts R$400M Bank Cash in Focus

Aug 25, 2026

Braskem filed an amended petition for out-of-court restructuring of R$187.07 billion in unsecured debt, seeking a stay on R$400 million in bank deposits. The company has initial creditor support and 90 days to secure majority consent for court homologation.

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