Eastman Kodak Inc., the bankrupt photography pioneer, has amended its financing deal to gain flexibility as it prepares to exit chapter 11, Reuters reported on Friday. The amended financing agreement requires Kodak to raise at least $600 million from the sale of noncommercial imaging assets, which could include its document imaging and personalized imaging businesses, as well as trademarks. The company also said on Friday that along with committees of its second-lien lenders and unsecured creditors that it will hire a search firm to begin identifying candidates to serve on a new board of directors. The company expects to emerge from bankruptcy in the middle of this year, focused on its commercial imaging business.
