Creditors File Involuntary Chapter 11 Petition Against Braskem Finance Subsidiary

• Creditors filed an involuntary Chapter 11 petition against Braskem's indirect subsidiary Braskem America Finance on October 21, 2026.
• FFI Fund, FYI and Olifant Fund filed in the U.S. Bankruptcy Court for the Southern District of New York.
• Petitioners hold approximately USD 272 million, or 47%, of the subsidiary's 7.125% notes due 2041, guaranteed by the parent.
• The petition affects only America Finance, whose debt consists exclusively of those notes, totaling approximately USD 589 million in principal.
• The parent and its other subsidiaries are not listed as debtors in the petition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braskem SA published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.