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Kodak Accepts Improved Financing Deal

By: WROC-TV
Updated: November 29, 2012
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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.

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