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Court approves Kodak financing, could exit bankruptcy by mid-2013
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Court approves Kodak financing, could exit bankruptcy by mid-2013
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24th January 2013, 07:31
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,553
 |  Court approves Kodak financing, could exit bankruptcy by mid-2013 When Kodak filed for Chapter 11 bankruptcy a year ago, the company promised to re-emerge stronger than ever a year later. While that scenario has yet to play out, the gears do seem to be turning: US bankruptcy court Judge Allan Gropper today approved Kodak's bid to borrow up to $844 million from Centerbridge Partners LP. That approval's still conditional, mind you, on the completion of Kodak's recent digital imaging patent fire sale (at "no less than $500 million"). Should that all pan out, the company plans to emerge from bankruptcy by "mid-2013," no doubt worse for wear but better than a few years back. http://www.engadget.com/2013/01/23/k...g-bankruptcy-/ |
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