AMERICAS DISTRESS DAILY: Braskem Gets Capital-Structure Advisers

Braskem SA’s dollar notes slumped on Friday after the company said it hired financial and legal advisers to find ways to improve its capital structure, as it grapples with the effects of a downturn in the petrochemicals sector and fallout from a years-long environmental disaster.

In Other News:

• At Tricolor, a small team from Vervent Inc. is trying to rebuild the loan system, but their efforts are hindered by a lack of access to Tricolor’s offices and confusion about the true state of its finances.
• Auto-part supplier First Brands Group LLC is preparing to enter bankruptcy with no ...