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Kodak Secures Loan Deal, Closer To Emergence

By: WROC-TV
Updated: March 22, 2013
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It is another thing Kodak can check off of its bankruptcy emergence checklist. The company has secured its loan deal.

Kodak announced that it has finalized the $848 million loan financing deal. The company plans to use the money to help pay off loans on their DIP credit agreement and support its current businesses. In addition, Kodak plans to finalize and present its reorganization plan on April 30th.

The company hopes to officially emerge from bankruptcy sometime in the middle of the year.

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