Kodak (EKDKQ), Creditors Reach New $793M Loan Deal
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Kodak (EKDKQ) Enters $793M Junior DIP Financing Arrangement
November 12, 2012 5:30 PM ESTEastman Kodak Company (OTCBB: EKDKQ) has entered into a commitment letter to secure $793 million in Junior Debtor-in-Possession Financing with Centerbridge Partners, L.P., GSO Capital Partners LP, UBS and JPMorgan Chase & Co. to provide the company with additional case financing and establishes the ability to convert a substantial part of the facility into exit financing, enhancing its liquidity and securing a major component of the companys exit capital structure. This financing is a key element in the steps to enable the company to successfully execute its remaining reorganization objectives and emerge from Chapter 11... More
Kodak (EKDKQ) Creditors Oppose Bankruptcy Plan Extension, Have 'Lost Faith' in Management
November 12, 2012 10:17 AM ESTEastman Kodak Company (OTCBB: EKDKQ) creditors say they have lost faith in management and the company hasn't made progress in reorganization. The creditors have opposed extension for filing a bankruptcy plan, according to Bloomberg headlines.
Shares are down 1 percent Monday.... More
