Kodak Sees Post-Chapter 11 Path to Profitable Growth

Kodak completed the final steps in its Chapter 11 restructuring, including the spin‐off of its Personalized Imaging and Document Imaging businesses to Kodak Pension Plan, a longstanding pension plan of Kodak’s U.K. subsidiary. The company also successfully closed on its agreement for $695 million in term exit financing, paid off its debtor-in-possession lenders and second lien noteholders in full and completed its rights offerings, receiving approximately $406 million of new equity investments from participating unsecured creditors.