Skip to main content

Kodak Wins Approval for 844 Million Bankruptcy Financing

Submitted by webadmin on

Eastman Kodak Co., the bankrupt photography pioneer, won bankruptcy court approval for $844 million in financing that it will use to complete its restructuring, Bloomberg News reported yesterday. The package of loans, approved yesterday by Bankruptcy Judge Allan Gropper, can also be converted into $644 million exit financing to fund Kodak’s emergence from court protection, according to a court filing. Kodak, based in Rochester, New York, filed for bankruptcy in January 2012. Earlier this month, it won court approval to sell patents to a group of technology companies including Apple Inc. and Google Inc.