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Home » Business News
Business News
Friday 18. September 2009

Kodak Prices Private Placement of $400 Million 7.00% Convertible Senior Notes Due 2017

Eastman Kodak Company (NYSE: EK) today announced the pricing of its private placement of $400 million aggregate principal amount of convertible senior notes due 2017 to qualified institutional buyers pursuant to Rule 144A under the Securities Act, as amended. The notes will be unsecured obligations of Kodak and will bear interest of 7.00% per year. The sale of the notes to the initial purchasers is expected to settle on September 23, 2009, subject to customary closing conditions.

Friday 18. September 2009

Kodak Announces Intention to Tender for 3.375% Convertible Senior Notes Due 2033

Eastman Kodak Company (NYSE: EK) today announced its intention to commence a tender offer to purchase for cash up to $575 million aggregate principal amount of its 3.375% Convertible Senior Notes due 2033 (the “2033 Notes”). Kodak currently expects that it will commence the tender offer prior to the closing of the separately announced private placement of convertible senior notes announced today, at which time it will announce the price at which it will offer to purchase the 2033 Notes. Completion of the tender offer will be subject to, among other things, the successful completion of its sale of senior secured notes to an entity formed by one or more investment funds, vehicles or accounts managed or advised by Kohlberg Kravis Roberts & Co. L.P. or one of its subsidiaries (also announced today) and the private placement of its convertible notes.

Friday 18. September 2009

CIP4 Announces 2009 CIPPI Award Winners

The International Cooperation for the Integration of the Processes in Prepress, Press and Postpress (CIP4) organization announced the 2009 winners of the Jürgen Schönhut Memorial CIP4 International Print Production Innovation (CIPPI) Awards at a reception held at Print 2009. The CIPPI awards are given annually to the printer, publisher or prepress service who applies with the most compelling case study in three topical categories and four regions.

Friday 18. September 2009

Kodak Acts to Strengthen Financial Position

KKR to Buy up to $400 Million in Senior Secured Notes Due 2017, and Warrants to Purchase up to 53 Million Shares; Proceeds of Capital Infusions to Finance Debt Repurchase and General Corporate Purposes; Kodak Updates Outlook

Friday 18. September 2009

American Greetings Announces Quarterly Dividend

American Greetings Corporation (NYSE: AM) today announced a quarterly cash dividend of 12 cents per share to be paid on October 15, 2009 to shareholders of record at the close of business on October 5, 2009.

Friday 18. September 2009

Kodak Launches Private Placement of $300 Million Convertible Senior Notes

Eastman Kodak Company (NYSE: EK) today announced its intention to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2017 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act, as amended. Kodak expects to grant the initial purchasers an option to purchase up to an additional $45 million aggregate principal amount of the notes to cover over-allotments, which option would be exercisable on or prior to September 22, 2009.

Friday 18. September 2009

Edipresse and Tamedia welcome COMCO decision

The Federal Competition Commission (COMCO) approved the merger between Edipresse’s Swiss activities and Tamedia without conditions. This decision proves the highly competitive nature of the Swiss media landscape. In the past few months, Edipresse and Tamedia submitted a wide variety of market information and internal performance figures to the Competition Commission for review.

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