Milbank LLP To Host Call for Unsecured Bondholders of Braskem S.A.

Rhea-AI Summary

Milbank LLP announced it will host a conference call for unsecured bondholders of Braskem S.A. (NYSE:BAK) on September 29, 2025, at 12 p.m. EST. The call comes after Braskem's recent announcement about engaging financial and legal advisors to evaluate options for optimizing its capital structure.

The law firm, leveraging its expertise in Brazilian restructurings and familiarity with Braskem's financials, will discuss recent developments and implications for unsecured creditors. Interested bondholders must email their holdings information to braskem@milbank.com, with individual holdings remaining confidential.

Positive

• None.

Negative

• Braskem is evaluating capital structure optimization, suggesting potential financial challenges
• Company has engaged restructuring advisors, indicating possible debt restructuring

News Market Reaction – BAK

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In the Sep 29 session, BAK declined 5.36%, reflecting a notable negative market reaction.

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NEW YORK, Sept. 29, 2025 /PRNewswire/ -- Milbank LLP has been analyzing recent developments implicating unsecured creditors of Braskem S.A., including the company's announcement that it has engaged financial and legal advisors to support the company in evaluating economic and financial alternatives to optimize its capital structure. Given its extensive familiarity with Braskem's bank and bond financings, capital structure, and industry, as well as its substantial experience in Brazilian restructurings and local presence in São Paulo, Milbank will be hosting a call on Monday, September 29, 2025 at 12 p.m. EST with holders of unsecured bonds issued by subsidiaries of Braskem S.A. and guaranteed by Braskem S.A. (NYSE:BAK; B3:BRKM3, BRKM5, BRKM6; LATIBEX:XBRK) to discuss recent events and implications for unsecured creditors.

If you are interested in attending the call or would like more information, please email braskem@milbank.com as soon as possible and include your holdings of Braskem's unsecured bonds, by issuance.  Individual holdings will be kept confidential by Milbank and will not be disclosed.

ABOUT MILBANK

Milbank LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York over 150 years ago, Milbank has offices in Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank's lawyers collaborate across practices and offices to help the world's leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives. To learn more about Milbank, please visit www.milbank.com and follow us on LinkedIn and Instagram. 

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SOURCE Milbank LLP

FAQ

When is Milbank's conference call for Braskem (BAK) bondholders scheduled?

The conference call is scheduled for Monday, September 29, 2025 at 12:00 PM EST.

Why is Milbank hosting a call for Braskem (BAK) bondholders?

Milbank is hosting the call to discuss recent developments and implications for unsecured creditors following Braskem's announcement about evaluating economic and financial alternatives for its capital structure.

How can Braskem (BAK) bondholders participate in the Milbank conference call?

Bondholders should email braskem@milbank.com with their holdings information of Braskem's unsecured bonds by issuance. Individual holdings will be kept confidential.

What recent developments is Braskem (BAK) facing regarding its capital structure?

Braskem has engaged financial and legal advisors to evaluate economic and financial alternatives to optimize its capital structure, suggesting potential restructuring activities.

Why did Milbank LLP get involved with Braskem's (BAK) situation?

Milbank LLP has extensive familiarity with Braskem's bank and bond financings, capital structure, industry, and substantial experience in Brazilian restructurings with a local presence in São Paulo.