Eastman Kodak Co. has accepted an $830 million financing offer from a group of bondholders as it aims to emerge from bankruptcy in the first half of 2013, Reuters reported yesterday. The loan offer would replace a financing package worth $793 million announced earlier this month and put forth by Centerbridge Partners, GSO Capital Partners, UBS and JPMorgan Chase & Co. The new loan would allow a broader set of bondholders to participate, but could include the previous lenders. The financing is contingent on Kodak's ability to successfully sell its digital imaging patents for at least $500 million. The new package is subject to bankruptcy court approval, but no hearing date has been set at this time.
