Braskem (BRKM3, BRKM5, BRKM6) informed the CVM, on November 10, 2026, that negotiations with creditors under the out-of-court restructuring are ongoing. The statement responds to a request for clarification from the CVM about news reports indicating an impasse in the talks and the withdrawal of a capital injection proposal by shareholders. The company neither confirmed nor denied the points in the reports and said that Braskem and certain investors, with their advisors, continue to exchange indicative, non-binding proposals on the terms of an updated plan.
The news reports cited by the CVM were published on November 7 and 8, 2026. Valor Econômico reported that the parties did not reach an agreement on Petrobras' capital contribution and the portion of the debt to be converted into shares. Bloomberg Línea reported that shareholders backed away from a capital contribution proposal after creditors rejected the conversion of US$ 3.8 billion of debt into equity. According to the reports, which are based on anonymous sources, no final decision has been made.
The company filed for out-of-court restructuring on August 24, 2026, with the support of unsecured creditors (those without collateral) representing 39.6% of the affected claims. The plan provides for the presentation of an updated plan within 90 days after filing. Among the goals of the process is an agreement on the commercial terms among the company, its main shareholders and the signatory creditors.
The deadline for this agreement has been extended several times, and the latest extension set it at November 12, 2026, since November 11 is not considered a business day for purposes of the plan. Braskem's management will assess the appropriate measures if there is no agreement by the end of the deadline.
Braskem stressed that the terms of the proposals are non-binding and depend on negotiation and on approvals from governance bodies. The company reaffirmed its pursuit of a consensual solution and the continuity of operations in the ordinary course of business.
