Petrobras Considers Better Credit Terms for Braskem Ahead of Bankruptcy Deadline
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Brazil’s Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes ahead of an August 24 deadline to avoid filing for bankruptcy protection.
According to people familiar with the situation, the discussions come as Braskem seeks to address its financial challenges and secure a more favorable arrangement with Petrobras.
PetrobrasBraskem
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“Brazil’s Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes ahead of”
Bloomberg — Petrobras Mulls Improving Braskem Credit Terms Amid Debt Talks