LATAM Corporates Daily: Your daily dose of all things LatAm

研报英文原文证据摘录

LATAM Corporates Daily: Your daily dose of all things LatAm

J P M O R G A N Latin America Credit Research

25 June 2026

LATAM Corporates Daily

Your daily dose of all things LatAm

Highlights Latin America Corporate Research

Natalia Corfield AC

• Braskem: To file for injunction seeking to suspend debt payments (1-212) 834-9150

natalia.corfield@jpmorgan.com

• Performance J.P. Morgan Securities LLC

Alejandra Andrade

Prices in this note are as of June 24, 2026.

(1-212) 834-3220

alejandra.andrade@jpmorgan.com

J.P. Morgan Securities LLC

Braskem: To file for injunction seeking to suspend debt payments Ian B Snyder

Braskem filed a cautelar (precautionary injunctive relief) and initiated mediation (1-212) 834-3798

ian.b.snyder@jpmchase.com

proceedings before the Wind Mediation Chamber in São Paulo, with Board J.P. Morgan Securities LLC

approval, to preserve a stable negotiating environment with financial creditors— Florencia Palacios

notably, obligations to suppliers, customers and other stakeholders remain (1-212) 622-1129

unaffected and continue in the ordinary course. The company subsequently florencia.x.palacios@jpmorgan.com

released cleansing materials (Project Catalyst) publicly, which were rejected by the J.P. Morgan Securities LLC

Ad Hoc Group (AHG) Steering Committee as "wholly unsatisfactory," Bhavya Gupta

particularly objecting to the proposed coupon reduction and calling for meaningful (91-22) 6157-3132

bhavya.x.gupta@jpmchase.com

shareholder burden-sharing and positive NPV compensation for any creditor J.P. Morgan India Private Limited

concessions. The materials reveal an acute liquidity challenge: Braskem faces

approximately $3.7bn in debt service from Jul-2026 through Dec-2027 ahead of

the 2028 bond maturity, including a~$1.3bn LC book. On the business plan side,