Antonio M. Perez, Kodak Chairman and Chief Executive Officer, announced the company’s emergence from Chapter 11 as a reorganized company, following completion of the final steps in the restructuring process.“We have emerged as a technology company...
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September 04, 2013, 07:14 AM
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The U.S. Bankruptcy Court for the Southern District of New York today confirmed Kodak’s Plan of Reorganization. The Plan describes the company’s strategy to emerge from Chapter 11 restructuring as a technology leader serving commercial imaging...
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August 21, 2013, 07:38 AM
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Kodak announced that it has completed the syndication of its previously announced $695 million exit and post-emergence term-loan credit facilities. The credit facilities, along with the proceeds from the previously announced rights offering, cash on...
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August 02, 2013, 07:59 AM
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Bloomberg reports Eastman Kodak won court approval for creditors to vote on the photography pioneer’s plan to reorganize and exit bankruptcy protection by selling $406 million of stock. Kodak can move forward with its restructuring by sending the...
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June 26, 2013, 07:53 AM
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Eastman Kodak Company announced that it has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million.Affiliates of J.P....
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June 20, 2013, 08:07 AM
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Eastman Kodak Company announced the company filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York.The Plan of Reorganization and Disclosure Statement contain a detailed...
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May 01, 2013, 07:12 AM
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Kodak closed its previously-announced $848 million financing with members of the Steering Committee of the Second Lien Noteholders and other holders of Kodak's Senior Secured Notes. This new financing, together with the amendment and restatement of...
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March 25, 2013, 07:29 AM
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Kodak reached an agreement with the Steering Committee of the Second Lien Noteholders to amend the terms for the previously-announced interim and exit financing package. The amendments provide Kodak with additional flexibility to successfully execute...
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March 04, 2013, 07:13 AM
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Eastman Kodak Company has completed a transaction for the sale and licensing of its digital imaging patents for net proceeds of $527 million.
The transaction, which achieves one of Kodak’s key restructuring objectives, follows other recent major...
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February 04, 2013, 07:02 AM
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Eastman Kodak is looking for yet more time to put together its plan for getting out of bankruptcy. In a filing Monday with the U.S. Securities and Exchange Commission, Kodak said it was in discussions with some of the lenders keeping it afloat during...
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January 29, 2013, 07:43 AM
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In a significant step toward its emergence from Chapter 11, Eastman Kodak Company received approval from U.S. Bankruptcy Court Judge Allan Gropper of the Southern District of New York for the company’s previously announced commitment from the...
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January 24, 2013, 08:02 AM
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Eastman Kodak said today that it will get about $525 million for its digital imaging patents.
The sale achieves one of Kodak's key restructuring objectives. It follows other recent major moves that include an agreement for interim and exit financing...
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December 20, 2012, 07:19 AM
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Bloomberg reports Eastman Kodak obtained commitments for an $830 million exit financing, trumping a previous offer of $793 million from a group of lenders including Centerbridge Capital Partners, GSO Capital Partners, UBS AG and JPMorgan Chase.
The...
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November 30, 2012, 07:44 AM
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Eastman Kodak said it reached a $793 million financing deal with its bondholders, noting that the financing is a key element in enabling the troubled photographic equipment maker to emerge from bankruptcy in the first half of 2013. However, the deal...
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November 13, 2012, 07:49 AM
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