BRASKEM SA (BAK) Form 6-K — Oct 21, 2026
Creditors FFI Fund Ltd., FYI Ltd. and Olifant Fund Ltd. filed an involuntary Chapter 11 petition on October 21, 2026 against Braskem America Finance Company, an indirect financing subsidiary of Braskem S.A., in the US Bankruptcy Court for the Southern District of New York. The petitioning creditors hold about US$272 million of Braskem America Finance's 7.125% Notes due 2041, roughly 47% of the ~US$589 million outstanding.
Key figures
- Debt Amount
- 589000000
- Notes coupon
- 7.125%
- Notes maturity
- 2041
- Petitioning creditors holdings usd
- 272000000
- Petitioning creditors pct of notes
- 47%
AI analysis
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