据知情人士透露，在10月9日这一关键截止日期之前，巴西斯克姆（Braskem）的债权人拒绝了该公司及其股东提出的另一项重组方案。该方案旨在重新安排约110亿美元的债务。
Braskem’s creditors shunned another restructuring proposal made by the company and its shareholders ahead of a key Oct. 9 deadline for a deal to rework some $11 billion of debt, people familiar with the matter said.
上个月一轮谈判失败后，三名知情人士称，股东们承诺提供约10亿美元的新资本以支持后续融资，但前提是公司必须通过重组流程大幅削减债务。由于讨论内容属于机密，他们要求匿名。部分人士指出，债权人认为这些条款不足以达成协议。
After a failed round of talks last month, shareholders pledged about $1 billion in fresh capital to backstop a follow-on offering, but only if the company is able to slash its debt significantly through the restructuring process, three people said, asking not to be named because discussions are private. The terms were seen by creditors as insufficient for an agreement, some of the people said.
这些知情人士还表示，各方须在10月9日之前就计划条款达成一致。若未能做到，多数债权人可能要求终止庭外重组程序，这可能导致公司申请破产。据他们称，债权人认为在此之前达成协议的可能性很低，但谈判仍在继续，尚未做出最终决定。
Parties have until Oct. 9 to agree on the terms of plan — if they fail to do so, a majority of creditors could ask for a dissolution of the out-of-court process, which could lead to a bankruptcy filing, the people said. An agreement by that deadline is seen as as unlikely by creditors, according to the people, who added that conversations are ongoing and no final decision has been made.
巴西斯克姆和IG4拒绝置评。巴西国家石油公司（Petrobras）尚未立即回应置评请求。
Braskem and IG4 declined to comment. Petrobras didn’t immediately reply to a request for comment.
巴西斯克姆于8月启动了庭外重组程序。当时法院文件中提出的框架包括：主要股东或经同意的第三方在所谓的“缓解期”结束后，承诺提供或支持新增股本，但具体金额、结构和时间安排仍待确定。
Braskem filed for an out-of-court restructuring in August, and a framework laid out in court documents at that time included a commitment by the main shareholders or agreed third parties to provide or backstop fresh equity after a so-called relief period, though the amount, structure and timing for that remained open.
此后，该公司与一组债券持有人进行了紧张的谈判，以制定最终的重组计划并避免申请破产。上个月，债券持有人曾要求控制方巴西国家石油公司和IG4资本集团提供30亿美元的新资本，但这一要求被股东们拒绝。
Since then, the company and a group of bondholders have been engaged in intense negotiations to come up with a final restructuring plan and avert a bankruptcy filing. Last month, bondholders asked controllers Petrobras and IG4 Capital Group for $3 billion in fresh capital, which has been rejected by shareholders.
由于巴西国家石油公司（Petrobras）具备更强的财务能力，因此承受了较大的压力。据知情人士称，尽管这家石油公司越来越多地参与谈判，但迄今为止仍不愿提供债权人所寻求的那种具有法律约束力的资本承诺。
Much of the pressure is falling on Petrobras because of its greater financial capacity, and while the oil company has become increasingly involved in the negotiations, it has so far been unwilling to provide the type of enforceable capital commitment sought by creditors, people familiar have said.
虽然未能按时履约不会自动改变程序，但10月9日的截止日期可能会决定谈判是否真正继续，抑或公司将进入破产程序。考虑到国有巴西国家石油公司本身也是股东之一，而该截止日期又恰逢巴西激烈竞争的总统选举期间，此事变得尤为敏感。
While missing it won’t trigger an automatic change in the process, the Oct. 9 deadline could determine whether negotiations in fact continue or the company moves to a bankruptcy process. The matter becomes particularly delicate given state-owned Petrobras is a shareholder, with the deadline falling in the middle of Brazil’s tightly-disputed presidential election period.