January 24, 2018 / 4:38 PM / 4 months ago

Brazil Braskem lining up $1 bln credit line with banks -source

SAO PAULO, Jan 24 (Reuters) - Brazilian petrochemical producer Braskem SA is in talks with banks to secure a $1 billion revolving credit facility for five years, a person familiar with the negotiations said on Wednesday.

The new credit line would replace one for $750 million expiring in December, said the source, who requested anonymity because of not being authorized to speak publicly on the matter. (Reporting by Gabriela Mello Editing by Chizu Nomiyama)

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