Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
Kodak reaches improved financing deal worth $830M
Wednesday - 11/28/2012, 6:26pm EST
NEW YORK (AP) - Struggling photo pioneer Eastman Kodak Co. will get loans worth $830 million in a new financing package that replaces a $793 million deal.
The new package also has a longer maturity and lower fees. The offer comes from a committee of 10 institutional investors who all hold senior secured notes in Kodak.
The Rochester, N.Y., company says the funds will allow it to complete its reorganization and emerge from bankruptcy protection in the first half of next year.
The financing is subject to bankruptcy court approval and requires the company to complete the sale of its digital imaging patent portfolio for at least $500 million.
Kodak filed for Chapter 11 bankruptcy protection in January after struggling to adapt to the world of digital photography.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)