Braskem Creditors Balk at Restructuring Plan as Deadline Looms

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,...

By Giovanna Bellotti Azevedo, Rachel Gamarski and Mariana Durao · Bloomberg Markets

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.