Report: Possible Deal Reached Between Kodak and Bondholders
By: WROC-TV
Updated: November 12, 2012
Kodak may have reached a multi-million dollar deal with bondholders.
The Wall Street Journal is reporting that the company could receive $793 million in loans to emerge from bankruptcy if it sells its patents for $500 million. The company was originally seeking $2.5 billion in its original patent offering in August.
Any agreement reached between Kodak and bondholders would have to be approved by a bankruptcy court judge.
The Wall Street Journal is reporting that the company could receive $793 million in loans to emerge from bankruptcy if it sells its patents for $500 million. The company was originally seeking $2.5 billion in its original patent offering in August.
Any agreement reached between Kodak and bondholders would have to be approved by a bankruptcy court judge.
