Braskem taps entire $1B credit line amid debt review – Bloomberg (BAK:NYSE)


Braskem factory in Bahia

Joa_Souza/iStock Unreleased via Getty Images

Braskem (NYSE:BAK) has tapped its entire $1 billion credit facility amid a downturn in Brazil’s chemical industry and mounting investor concerns over the troubled company, Bloomberg reported Friday.

The unsecured facility with a syndicate of banks is due to expire



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