Braskem reviews capital options amid creditor talks

Braskem S.A. is responding to a Brazilian securities regulator about a media report claiming the company is considering judicial reorganization due to its debt.

Rhea-AI Filing Summary

Braskem S.A. is responding to a Brazilian securities regulator about a media report claiming the company is considering judicial reorganization due to its debt. Braskem explains it has hired financial and legal advisors and is conducting an ongoing review of economic and financial alternatives to optimize its capital structure.

The company states that this review includes different options, such as potential creditor protection measures, and that it has been making structured progress on a comprehensive capital restructuring plan and creditor negotiations, as described in its 2025 financial statements. Braskem emphasizes that, as of the date of the letter, no decision has been made on which alternative or combination of alternatives will be implemented.

Positive

• None.

Negative

• Braskem confirms it is actively evaluating capital structure restructuring alternatives that include potential creditor protection measures, signaling heightened financial pressure even though no decision has yet been taken.

Insights

Credit risk analyst

Braskem confirms capital structure review, weighing creditor protection but no decision yet.

Braskem S.A. acknowledges it is evaluating options to "optimize its capital structure," supported by specialized financial and legal advisors. The company links this to a comprehensive capital restructuring plan and ongoing negotiations with creditor representatives, as referenced in its 2025 financial statements.

The clarification confirms that potential creditor protection measures, including judicial reorganization, are among the alternatives under analysis. This indicates elevated balance sheet pressure but stops short of a commitment to any specific path. The company stresses that, as of the letter’s date, no choice has been made regarding which alternative or combination of options will be implemented.

Key Figures

CVM Proceeding Number: 19957.004980/2026-96 Fiscal year reference: 2025 Form 20-F reference year: 2019 +1 more

4 metrics

CVM Proceeding Number 19957.004980/2026-96 Reference in clarification request from Brazilian securities regulator

Fiscal year reference 2025 Braskem’s financial statements for the fiscal year ended 2025 describe progress on capital restructuring planning

Form 20-F reference year 2019 Cited annual report on Form 20-F for year ended December 31, 2019

Form 6-K month April 2026 Period covered by the Form 6-K report of foreign private issuer

Key Terms

judicial reorganization, creditor protection measures, Material Facts notice, forward-looking statements, +1 more

5 terms

judicial reorganization financial

"Braskem is considering resorting to judicial reorganization or other creditor protection mechanisms"

creditor protection measures financial

"the Company and its advisors are considering different alternatives, including potential creditor protection measures"

Material Facts notice regulatory

"As disclosed by the Company in the Material Facts notice dated September 26, 2025"

forward-looking statements regulatory

"This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

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.

capital structure financial

"assessment of economic and financial alternatives to optimize its capital structure"

Capital structure is the way a company finances its operations and growth by using different sources of money, such as borrowed funds (loans or bonds) and owner’s equity (investments from owners or shareholders). It’s like a recipe for baking a cake, where the balance of ingredients affects the final product's strength and taste; similarly, the mix of debt and equity influences a company's stability and risk. For investors, understanding a company's capital structure helps gauge how risky it might be to invest or lend money.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Braskem (BAK) clarify about possible judicial reorganization?

Braskem clarified that it is reviewing alternatives to optimize its capital structure and that potential creditor protection measures, including judicial reorganization, are being considered. However, the company stated that no decision has been made on which alternative or combination of alternatives will be implemented.

Why is Braskem (BAK) reviewing its capital structure alternatives?

Braskem engaged specialized financial and legal advisors to prepare a comprehensive assessment of economic and financial alternatives to optimize its capital structure. This review underpins a broader plan to restructure its capital structure and is being carried out alongside negotiations with advisers representing the company’s creditors.

Has Braskem (BAK) decided to file for judicial reorganization?

No. Braskem stated that it and its advisors are considering different alternatives, including potential creditor protection measures such as judicial reorganization. The company emphasized that, as of the date of the communication, there is no decision on which alternative or set of alternatives will be followed.

What media report triggered Braskem’s clarification to regulators?

Braskem responded to a news item on Exame Online titled "Crisis leads Braskem to consider judicial reorganization, agency says," which cited sources claiming the company was weighing judicial reorganization or other creditor protection mechanisms. The company used its letter to provide context on its ongoing capital structure review.

How is Braskem (BAK) working with creditors during this review?

Braskem reported that, as part of its assessment of capital structure alternatives, it and its advisors have been making structured progress on a comprehensive capital restructuring plan. The company also indicated it has been negotiating with advisors representing its creditors, as mentioned in its 2025 financial statements.

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

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/02/2026 - 06:41 PM 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 April, 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, April 2, 2026.

To

Securities and Exchange Commission of Brazil (CVM)

Superintendence of Corporate Relations

Company Monitoring Management – ​​1

At.:       Nilza Maria Silva de Oliveira

Manager

Maria Luisa Azevedo Wernesbach

Federal Capital Market Inspector

C/C: Listing and Issuer Supervision Superintendence of B3 S.A. – Brasil, Bolsa, Balcão

E-mails: emissores@b3.com.br; diane.freo@b3.com.br

Ref.: Request for clarification regarding news – CVM Proceeding No. 19957.004980/2026-96

Dear Sirs,

In response to Official Letter No. 129/2026/CVM/SEP/GEA-1 (“Official Letter”), attached to this reply, Braskem S.A. (“Braskem” or the “Company”) would like to provide the following clarifications regarding the news item published by Exame Online, under the title: “Crisis leads Braskem to consider judicial reorganization, agency says,” which contains the following statements:

“According to sources heard by Bloomberg, Braskem is considering resorting to judicial reorganization or other creditor protection mechanisms amid its debt. The measure, under review by the management, seeks to preserve cash and reorganize obligations at a time when the company faces difficulties in meeting future commitments to creditors.

Sources close to the discussions stated that the company is considering both the filing for precautionary protection—a temporary instrument in Brazil—and broader alternatives, including a potential judicial reorganization.”

As disclosed by the Company in the Material Facts notice dated September 26, 2025, the Company engaged specialized financial and legal advisors to assist in preparing a comprehensive assessment of economic and financial alternatives to optimize its capital structure.

 

Such assessment is still ongoing, and the Company and its advisors have been making structured progress in the formulation of a comprehensive plan to restructure its capital structure, as well as in negotiations with the creditors’ advisors, as reported in its financial statements for the fiscal year ended 2025, released on March 26, 2026.

In the course of the work related to such assessment, the Company and its advisors are considering different alternatives, including potential creditor protection measures. Notwithstanding, we clarify that, as of this date, there is no decision regarding which alternative (or set of alternatives) to be implemented.

We remain available to provide any additional clarifications.

Sincerely,

Felipe Montoro Jens

Chief Financial and Investor Relations Officer

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: April 2, 2026

	BRASKEM S.A.
	By:	/s/     Felipe Montoro Jens
		Name:	Felipe Montoro Jens
		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.