RIT Experts Discuss Kodak’s Bankruptcy Filing
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• The good news is that this will buy time for management to deliver on a business plan that, if successfully executed, would allow it to emerge from Chapter 11 a more financially sound organization. The fact that the company has secured a $950 million line of credit and is seeking a stalking horse bidder for the patent portfolio that it is attempting to monetize can provide time for the company to deliver on a more sustainable business model.
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- Companies:
- Eastman Kodak
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