Braskem在债务审查中动用全部10亿美元信贷额度-彭博社

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 late next year, and the company has been in talks to renew the line, trying to avoid having to include collateral, according to the report.

Braskem (NYSE:BAK) took investors by surprise last week when it disclosed that it hired advisors to help prepare a "diagnosis of economic and financial alternatives to optimize its capital structure," which was interpreted as a signal that a debt restructuring was on the way.

Petrobras' (PBR) board has begun strategizing how to position itself if Braskem (BAK) is restructured, including potentially injecting capital into the company, Bloomberg reported earlier this week; Braskem is controlled by Petrobras and Novono.