Kodak Gets Funding to Leave Bankruptcy
Eastman Kodak Co., the bankrupt photography pioneer, said it arranged $793 million in financing from some creditors to exit bankruptcy as a commercial-printing company by mid-2013.
Centerbridge Capital Partners, GSO Capital Partners, UBS AG (UBSN) and JPMorgan Chase & Co. (JPM) are among second-lien creditors participating in the financing, which will be used during bankruptcy and can partly be converted to fund the emerging company, Rochester, New York-based Kodak said today in a statement. The agreement requires court approval.
Source: Bloomberg. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.