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Braskem Creditors Balk at Restructuring Plan as Deadline Looms
Source: Bloomberg
Credit & Bond MarketsM&A & RestructuringCompany Fundamentals
Braskem creditors rejected another restructuring proposal from the company and its shareholders ahead of an Oct. 9 deadline to rework about $11 billion of debt, according to people familiar with the matter. The rejection leaves the debt deal unresolved as the deadline approaches.
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