Quantcast
breaking news

Kodak Accepts Improved Financing Deal

By: WROC-TV
Updated: November 29, 2012
watch video
Kodak has struck a deal with the Second Lien Noteholders committee to get money to continue to run its business and get out of bankruptcy.

The financing totals $830 million in loans. It's higher than the $793 million commitment announced earlier this month.

Kodak won't get the money unless it successfully sells its digital imaging patents for at least $500 million. We will continue to work on this developing story and will have an update tonight on FOX First at Ten and News 8 at Eleven.

Comments

Related Content

According to a report from the New York State Comptroller's office, Monroe County is the most fiscally stressed county in the state....

All eyes are on Rochester City Council....

Emergency crews are on the scene of a serious crash in Parma....

The Monroe County legislature will soon consider a new fee on your cell phone bill. Supporters say it is needed because more and more people are dropping their landlines....

Sushi fans have a new outlet....

The jury in the Michael Pilato murder trial is expected to start deliberations Wednesday....

Less than two months after Lakeside Hospital closed its doors, the University of Rochester Medical Center is moving in....

By the end of the day there will be a decision on whether Brockport Mayor Connie Castaneda will be elected for another term....

It has been exactly one year since Karen Klein's story made national and international headlines. Video of the former Greece bus monitor being bullied by school children went viral worldwide....

The Canadian area of high pressure building in on this Tuesday will camp out nearby and slowly slide east later in the day into the weekend.  This will deliver a much needed dry stretch that on...

 
 

 

Ask The Expert

Click here to read more!
 

Calendar Events

Weekly Community Service...

View More
06/15/13

Powerball

  • 28-36-40-48-55, Powerball: 01