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Braskem and Bondholders Edge Toward $11 Billion Debt Restructuring DealBraskem and its bondholders are nearing an agreement to restructure approximately $11 billion in debt, aiming to avoid bankruptcy. Both sides propose a deal combining a follow-on equity offering and a debt-to-equity swap, though their proposals differ on the initial capital injection and debt conversion amounts. The agreement, expected by November 22nd, is critical for Braskem's future and will impact shareholder dilution and control.
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