Kodak Finalizes Terms On Exit Financing
By: WROC-TV
Updated: March 1, 2013
It is another step toward emerging from bankruptcy for Kodak.
The company is now committed to make a least $600 million in cash through its printing business, trademarks and more. Its benchmark was originally $700 million. Kodak also plans to hire a firm to begin the search for a new board of directors. A bankruptcy judge must approve the matter. Kodak filed for bankruptcy last January. It expects to emerge later this year.
The company is now committed to make a least $600 million in cash through its printing business, trademarks and more. Its benchmark was originally $700 million. Kodak also plans to hire a firm to begin the search for a new board of directors. A bankruptcy judge must approve the matter. Kodak filed for bankruptcy last January. It expects to emerge later this year.
