Archive · 13 Jan 2026
Braskem Pays Debt Interest Amid Review
Braskem, a big petrochemical company, recently paid some of the money it owes on its loans.
This was good news for investors who were worried.
The company is also looking at all its debts because the petrochemical market has been doing poorly.
Braskem has a lot of debt to pay this month, but it also has a lot of money saved up.
The company's parent group, Novonor, is trying to sell its part of Braskem.
A part of Braskem called Braskem Idesa couldn't agree on a plan to fix its money problems.
The company's credit rating is not good, which means it's risky to lend to them.
Braskem SA paid interest on dollar bonds maturing in 2028 and 2031, totaling $64 million.
The company has $130 million in debt payments due this month and $1.3 billion in cash reserves.
Braskem is reviewing its capital structure and has a credit rating of CC from Fitch Ratings.
Parent company Novonor SA is working on a deal to sell its stake in Braskem to a fund advised by IG4 Capital.
Subsidiary Braskem Idesa SAPI failed to reach an agreement on a restructuring proposal.
- Who
- Braskem SA, a global petrochemical company
- What
- Paid interest on some dollar bonds, continues debt review
- When
- Interest payment due Monday, ongoing debt review
- Where
- Brazil
- Why
- To ease investor concerns amid industry downturn and financial struggles
- Company
- Braskem SA
- Industry
- Petrochemicals
- Debt Payment Due
- $64 million
- Cash Reserves
- $1.3 billion
- Credit Facility
- $1 billion
- Credit Rating
- CC (Fitch Ratings)
- Parent Company
- Novonor SA
- Subsidiary
- Braskem Idesa SAPI