Braskem (NYSE: BAK) details restructuring talks and 60-day court stay
Rhea-AI Filing Summary
Braskem S.A. responds to a request from the Brazilian securities regulator about a press report on its negotiations with financial creditors. The company recalls it hired financial and legal advisors in September 2025 to evaluate alternatives to optimize its capital structure and has since been exchanging information and non-binding, indicative proposals with certain holders and managers of its Senior Notes and Debentures regarding a potential capital-structure reorganization.
Braskem notes that a São Paulo Judicial Reorganization Court granted precautionary injunctive relief, including a 60-day stay of enforcement actions by creditors invited to a mediation before the Wind Mediation Chamber. Proposals received so far contemplate a possible capitalization and the granting of security interests over assets, which remain under analysis. As of the date of the communication, no decision has been reached on restructuring terms, and the company states it is committed to pursuing a consensual, orderly solution while maintaining normal operations.
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Key Figures
Key Terms
Precautionary Injunctive Relief regulatory
Judicial Reorganization Court regulatory
Senior Notes financial
Debentures financial
Material Fact regulatory
Wind Mediation Chamber regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What clarification does Braskem (BAK) provide about the reported deadlock with creditors?
What court protection does Braskem (BAK) currently have in its creditor negotiations?
Do Braskem’s (BAK) creditor proposals involve pledging company assets as collateral?
Has Braskem (BAK) decided on any specific restructuring plan for its capital structure?
How long has Braskem (BAK) been formally evaluating capital-structure alternatives?
What role does the Wind Mediation Chamber play in Braskem’s (BAK) situation?
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2026
(Commission File No. 1-14862 )
BRASKEM S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant's name into English)
Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.
São Paulo, July 28, 2026.
To
CVM – Brazilian Securities and Exchange Commission
Attn.: Superintendence of Company Relations – SEP
Cláudio José Paulo
Acting Manager
Lívia Skora Cataldo de Castro
Federal Capital Markets Inspector
Ref.: Request for clarification regarding news report- CVM Proceeding No. 19957.012863/2026-04
Dear Sir/Madam,
We refer to Official Letter 231/2026/CVM/SEP/GEA-1 “Official Letter”), dated July 27, 2026, through which you requested clarifications from Braskem S.A. ("Braskem" or "Company"), as detailed below:
“Dear Director,
We refer to the news article published on this date in the newspaper O Estado de S. Paulo, News section, under the headline: " Near the court-imposed deadline, the deadlock between Braskem and its creditors continues", which includes the following statements:
[...]
The providing of capital, of course, requires consideration: they are requesting that all of the Company's assets be pledged as collateral.
[...]
In view of the above, we request that you clarify whether the news is true and, if so, explain the reasons why it was not considered a material fact, as well as comment on any additional information deemed relevant on the matter.”
As disclosed in the Material Fact published on September 26, 2025, the Company retained specialized financial and legal advisors to assist it in conducting a comprehensive assessment of economic and financial alternatives aimed at optimizing its capital structure.
As disclosed in the Material Fact published on June 25, 2026, the Company and certain holders of, and investment managers for, one or more of the Senior Notes and Debentures issued or guaranteed by Braskem (“Investors”), together with their respective advisors, have been exchanging information and non-binding, indicative proposals regarding terms and conditions in the context of a potential reorganization of the Company’s capital structure (“Restructuring”).
In addition, as disclosed in the Material Facts published on June 25 and 26, 2026, the Court of the 2nd Bankruptcy and Judicial Reorganization Court of the Judicial District of the Capital of the State of São Paulo (2ª Vara de Falências e Recuperações Judiciais da Comarca da Capital do Estado de São Paulo), within the scope of the Precautionary Injunctive Relief proceeding (Tutela de Urgência Cautelar), filed by the Company and certain of its subsidiaries, has granted the requests, among other measures, order the stay of all enforcement actions and attachments by creditors that have been invited to participate in the mediation proceeding initiated by the Company and certain of its subsidiaries before the Wind Mediation Chamber (Câmara Wind de Mediação), with such stay remaining in effect for a period of 60 days.
Since then, and as clarified in the response to B3 Letter No. 219/2026-SLE disclosed by the Company in its Notice to the Market dated July 21, 2026, the Company and its advisors have continued to engage with creditors and their advisors, having received merely indicative and non-binding proposals from groups of creditors regarding the key terms and tentative parameters for a potential Restructuring. Such proposals include a possible capitalization and the granting of security interests over assets, which remain under analysis by the Company. As of this date, no decision has been reached regarding the terms of a potential Restructuring.
The Company reiterates to its Investors that it remains fully committed to continuing discussions with its financial creditors in pursuit of a consensual, structural and orderly solution for its capital structure, while ensuring the continuity of its operations in the ordinary course of business.
There being no further matters to address at this time, we remain at disposal for any further clarification that may be required.
Additional information can be obtained from the Investor Relations Department by phone at +55 (11) 3576 9531 or by email at braskem-ri@braskem.com.br.
Sincerely,
Carlos Augusto Machado Pereira de Almeida Brandão
Chief Financial and Investor Relations Officer
Braskem S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 28, 2026
| BRASKEM S.A. | |||
| By: | /s/ Carlos Augusto Machado Pereira de Almeida Brandão | ||
| Name: | Carlos Augusto Machado Pereira de Almeida Brandão | ||
| Title: | Chief Financial Officer | ||
DISCLAIMER ON FORWARD-LOOKING STATEMENTS
This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.