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Aug 12 (Reuters) - Braskem, Latin America's largest petrochemical firm, is in advanced talks for a potential out-of-court restructuring that could be filed as early as this month, two people familiar with the matter said on Wednesday The company is grappling with over $10 billion in debt across operations in Brazil, Europe and the U.S.... Continue Reading →
June 30 (OE) Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity. The company announced June 30 that an existing lender agreed to convert approximately $4.0 million in outstanding indebtedness and accrued interest under Nauticus' Senior Secured Term Loan Agreement... Continue Reading →
June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →
Brazil Energy Insight 