Kodak Gets Funding to Leave Bankruptcy
Will convert into a commercial-printing company
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.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments 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 and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?