Date:
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
NewsGala, a modern financial media outlet by Zeni Capital Corp. With 35 years of international finance expertise NewsGala strips away the distractions to provide timely and relevant financial news.
Our mission is to position our readers to have the best information to make profitable financial decisions and set realistic goals.
© 2021 Newsgala.com. All Rights Reserved.
