BAK close
$1.64
+10.81%
Braskem Shares Rise 10.8% After Petrobras Increases Credit Facility to R$2.35 Billion
Braskem S.A. ADRs surged 10.8% to hit $1.64 on Thursday. Trading volume soared to 8.04 million shares, significantly higher than the 2.51 million share average. The rally came after shareholder Petróleo Brasileiro S.A. expanded supplier credit sevenfold.
Braskem liquidity dashboard
A large supplier-credit headline against a much larger debt problem.
Market close: Aug. 27, 2026, 16:00 EDT
Compiled: Aug. 28, 2026, 04:30 EDT
Compiled: Aug. 28, 2026, 04:30 EDT
Volume
8.04M
3.2× average
Credit ceiling
R$2.35B
From R$350M
Unsecured restructuring
US$10.9B
90-day process
Scale mismatch
The Petrobras line supports feedstock purchases; it is not a balance-sheet recapitalization.
Credit-control waterfall
Valuation and stress signals
| Signal | Reading | Investor interpretation |
|---|---|---|
| Market capitalization | ~$283M | Thin equity cushion |
| Enterprise value | ~$12.24B | Debt dominates valuation |
| Trailing net income | −$978M | Equity cannot absorb prolonged losses |
| Operating margin | 0.76% | Little room for feedstock or spread shocks |
| 52-week position | $1.64 vs $1.40–$5.39 | Relief rally near the low |
| Analyst posture | JPM Neutral; Citi Sell; BofA Underperform | Caution predates the new facility |
What changed
Petrobras lifted the supplier-credit ceiling by R$2.0 billion and kept 30-day payment terms through December. That improves feedstock continuity during restructuring.
What still must happen
The rally becomes durable only if operating continuity converts into a viable creditor agreement.
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