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.