Brazilian petrochemical giant Braskem made a timely $310 million interest payment on its 4.25% senior notes due 2030, confirming its ability to service debt despite ongoing internal assessments of its leverage profile. The move underscores continued liquidity management under pressure from macroeconomic headwinds.
- Braskem made a $310 million coupon payment on its 4.25% senior notes due 2030.
- Net debt-to-EBITDA ratio increased to 4.1x in 2025 from 3.6x in 2024.
- The company is reviewing its debt structure to assess refinancing and asset sales.
- Stock (BRKM3) rose 1.8% on the B3 after the payment.
- 2030 notes saw a 0.6% yield reduction following the payment.
- No specific leverage targets have been disclosed, but investment-grade metrics remain a goal.
Braskem S.A. successfully executed a $310 million coupon payment on January 12, 2026, for its outstanding 4.25% senior notes maturing in 2030. The payment was made in full and on schedule, affirming the company's short-term financial discipline despite an internal review of its consolidated debt structure. The notes, issued under the company’s global debt program, carry a fixed interest rate and are traded on the São Paulo Stock Exchange (B3) under the ticker BRKM3. The timing of the payment comes as Braskem evaluates its capital structure in light of rising interest rates and declining margins in the global petrochemical sector. The company reported a net debt-to-EBITDA ratio of 4.1x at the end of 2025, up from 3.6x in the prior year, reflecting increased borrowing to fund infrastructure upgrades and operational continuity. The current review aims to determine optimal refinancing strategies and potential asset divestments to stabilize financial metrics. Market participants noted the punctual payment as a positive signal, particularly given the broader pressure on emerging market corporates. The stock price rose 1.8% in early trading on the B3, while the 2030 notes saw a 0.6% yield contraction, indicating improved investor confidence in near-term obligations. Broader credit markets in Brazil also benefited, with the ICE Bovespa Index gaining 0.3% on the day. The company has not disclosed specific targets for reducing leverage but reaffirmed its commitment to maintaining investment-grade credit metrics over the medium term. Analysts suggest that a potential restructuring of long-term debt could be announced by Q3 2026.