Kodak Acts to Strengthen Financial Position

Specific to the third quarter, the company estimates total segment losses from continuing operations before interest expense, other income (charges), net, and income taxes will be between $50 million to $60 million, which does not include any new non-recurring intellectual property arrangements in the quarter. That said, the company reiterates its view of the second-half and full-year 2009 performance that it provided in its July 30, 2009, press release. As a reminder, in the July 30 press release, Kodak stated the following, which does not include the impact of today’s financing transactions: