Braskem (NYSE: BAK) injects $476M as JV enters prepackaged Chapter 11

Rhea-AI Filing Summary

Braskem S.A. reported that its joint venture Braskem Idesa S.A.P.I. has agreed a comprehensive, consensual financial restructuring with shareholders, a substantial majority of noteholders, and its term loan lender. The plan will reduce Braskem Idesa’s senior debt from about US$2.5 billion to about US$1.6 billion, a significant deleveraging supported by new funding.

To implement the agreement, Braskem Idesa has begun prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas, with completion expected in approximately 60 to 90 days. Braskem, as controlling shareholder, will contribute US$476 million, including about US$126 million already provided, and will retain a majority stake after completion. Braskem Idesa’s operations are expected to continue normally and without interruption during the process.

Positive

• Braskem Idesa’s senior debt will be reduced from US$2.5 billion to about US$1.6 billion, providing substantial deleveraging.
• Braskem will inject US$476 million into Braskem Idesa, reinforcing support for what it describes as a strategic asset.
• The restructuring is described as comprehensive and consensual with major stakeholders, including a substantial majority of noteholders and the term loan lender.

Negative

• Braskem Idesa has commenced prepackaged Chapter 11 proceedings in U.S. court, indicating financial distress and formal in-court restructuring.
• Braskem’s commitment of US$476 million represents a sizable capital outlay and balance-sheet exposure to Braskem Idesa.

Key Figures

Senior debt before restructuring: approximately US$2.5 billion Senior debt after restructuring: approximately US$1.6 billion Braskem capital contribution: US$476 million +2 more

5 metrics

Senior debt before restructuring approximately US$2.5 billion Braskem Idesa senior debt prior to the consensual restructuring

Senior debt after restructuring approximately US$1.6 billion Target Braskem Idesa senior debt level after restructuring

Braskem capital contribution US$476 million Total Braskem contribution to support Braskem Idesa restructuring

Already provided funding approximately US$126 million Portion of Braskem’s contribution made available before Chapter 11 filing

Expected Chapter 11 duration approximately 60 to 90 days Estimated completion time for Braskem Idesa prepackaged Chapter 11 process

Key Terms

prepackaged Chapter 11, senior debt, Material Fact, noteholders, +1 more

5 terms

prepackaged Chapter 11 regulatory

"has commenced “prepackaged” in-court restructuring proceedings in the United States"

A prepackaged Chapter 11 is a bankruptcy process where a company negotiates and gets approval for a reorganization plan from its creditors before formally filing in court, then files the plan for quick court confirmation. It matters to investors because it speeds up restructuring, reduces legal costs and uncertainty, and often preserves more value for creditors and shareholders than a drawn-out bankruptcy—think of it as agreeing on a rescue plan before calling in the referee.

senior debt financial

"reducing its senior debt from approximately US$2.5 billion to approximately US$1.6 billion"

Senior debt is borrowing that has first claim on a company's cash and assets if the company can't pay its bills, so lenders holding senior debt are repaid before other creditors and equity holders. Think of it as being first in line at a checkout; that priority makes senior debt lower risk and typically carries lower interest, and its size and terms matter to investors because they affect the safety of creditors and the potential upside or vulnerability of shareholders.

Material Fact regulatory

"Braskem S.A. ... hereby informs its shareholders and the market in general"

noteholders financial

"a substantial majority of its noteholders and its term loan lender"

forward-looking statements regulatory

"This Material Fact may contain forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What restructuring did Braskem (BAK) announce for Braskem Idesa?

Braskem announced a comprehensive, consensual financial restructuring for Braskem Idesa, agreed with shareholders, a substantial majority of noteholders, and its term loan lender. The plan combines new funding with debt reduction under a prepackaged Chapter 11 process in the United States.

How much debt will Braskem Idesa reduce under the restructuring announced by BAK?

Braskem Idesa’s senior debt is expected to fall from about US$2.5 billion to approximately US$1.6 billion. This sizeable deleveraging is part of the consensual restructuring agreed with creditors and is intended to improve the joint venture’s capital structure.

What is Braskem’s financial commitment to the Braskem Idesa restructuring?

Braskem will contribute a total of US$476 million to Braskem Idesa, with about US$126 million already provided before the Chapter 11 filing. This contribution supports the restructuring and reflects Braskem’s stated commitment to the joint venture’s future growth.

How long is Braskem Idesa’s prepackaged Chapter 11 process expected to take?

The prepackaged Chapter 11 process is expected to be completed in approximately 60 to 90 days. This timeline reflects the company’s expectation for implementing the restructuring agreement through the U.S. Bankruptcy Court for the Southern District of Texas.

Will Braskem retain control of Braskem Idesa after the restructuring?

Upon completion of the restructuring, Braskem states it will continue to hold a majority stake in Braskem Idesa’s share capital. The company also indicates that Braskem Idesa’s operations are expected to continue normally and without interruption throughout the process.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/18/2026 - 08:13 AM Accepted by SEC EDGAR 08/18/2026 - 08:13 AM Learn about SEC filing dates

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 August, 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- _____.

BRASKEM S.A.

Corporate Taxpayer ID (C.N.P.J.) No. 42.150.391/0001-70

State Registration (NIRE) 29300006939

Publicly-held company

MATERIAL FACT

Braskem S.A. (Ticker B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), further to the Material Fact dated January 12, 2026 and the Notices to the Market dated November 19, 2025, September 8, 2025, May 18, 2026, April 8, 2026 and February 20, 2026, hereby informs its shareholders and the market in general that Braskem Idesa S.A.P.I. (together with its subsidiaries, “Braskem Idesa”) announced today that it has reached a comprehensive and consensual restructuring agreement with its major stakeholders, including its shareholders Braskem S.A., Braskem Netherlands B.V. (collectively, “Braskem” or the “Company”), and ETILENO XXI, S.A. DE C.V. (the Grupo Idesa vehicle defined as “Idesa”), a substantial majority of its noteholders and its term loan lender. This consensual financial solution will enable both the raising of new funds and a significant deleveraging of Braskem Idesa, reducing its senior debt from approximately US$2.5 billion to approximately US$1.6 billion.

To implement the restructuring as quickly as possible, Braskem Idesa has commenced “prepackaged” in-court restructuring proceedings in the United States through the voluntary filing of Chapter 11 petitions in the United States Bankruptcy Court for the Southern District of Texas, with completion expected in approximately 60 to 90 days.

As part of the restructuring, Braskem, the controlling shareholder of Braskem Idesa, will contribute a total of US$476 million (of which approximately US$126 million had already been made available prior to the Chapter 11 filing), reinforcing its commitment to Braskem Idesa, a strategic asset, and to its future growth.

Upon completion of the process, Braskem will continue to hold a majority stake in the share capital of Braskem Idesa.

Braskem Idesa’s operations will continue normally and without interruption.

Braskem will keep the market informed of any relevant developments, in compliance with applicable laws and regulations.

Additional information may be obtained from the Investor Relations Department by telephone at +55 (11) 3576-9531 or by e-mail at braskem-ri@braskem.com.br.

 1

 

São Paulo, August 18, 2026.

Carlos Augusto Machado Pereira de Almeida Brandão

Chief Financial and Investor Relations Officer

Braskem S.A.

 2

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: August 18, 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

FORWARD-LOOKING STATEMENTS

This Material Fact may contain forward-looking statements. These statements are not historical facts, but rather are based on the current view and estimates of the Company's management regarding future economic and other circumstances, industry conditions, financial performance and results, including any potential or projected impact regarding the geological event in Alagoas and related legal procedures on the Company's business, financial condition and operating results. The words "project," "believe," "estimate," "expect," "plan", "objective" and other similar expressions, when referring to the Company, are used to identify forward-looking statements. Statements related to the possible outcome of legal and administrative proceedings, implementation of operational and financing strategies and investment plans, guidance on future operations, the objective of expanding its efforts to achieve the sustainable macro objectives disclosed by the Company, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are examples of forward-looking statements. Such statements reflect the current views of the Company's management and are subject to various risks and uncertainties, many of which are beyond the Company's control. There is no guarantee that the events, trends or expected results will actually occur. The statements are based on various assumptions and factors, including, but not limited to, general economic and market conditions, industry conditions and operating factors, availability, development and financial access to new technologies. Any change in these assumptions or factors, including the projected impact from the joint venture and its development of technologies, from the geological event in Alagoas and related legal procedures and the unprecedented impact on businesses, employees, service providers, shareholders, investors and other stakeholders of the Company could cause effective results to differ significantly from current expectations. For a comprehensive description of the risks and other factors that could impact any forward-looking statements in this document, especially the factors discussed in the sections, see the reports filed with the Brazilian Securities and Exchange Commission (CVM). This Material Fact does not constitute any offer of securities for sale in Brazil. No securities may be offered or sold in Brazil without being registered or exempted from registration, and any public offer of securities carried out in Brazil must be made through a prospectus, which would be made available by Braskem and contain detailed information on Braskem and its management, as well as its financial statements.