Business News
Friday 25. January 2013

Eastman Kodak Company Announces Offer to Subscribe for Loans and Exchange Notes for Loans

Eastman Kodak Company (“Kodak” or the “Company”) today announced the commencement of an offer to holders of its outstanding 10.625% Senior Secured Notes due March 15, 2019 (CUSIP Nos. 277461BK4 and U27746AH6) and 9.75% Senior Secured Notes due March 1, 2018 (CUSIP Nos. 277461BH1 and U27746AG8) (together, the “Notes”) to (i) subscribe for term loans (the “New Money Loans”) on a pro rata basis in an amount up to the principal amount of Notes held by each holder, up to an aggregate amount for all holders together of $455,000,000, under a new junior secured priming superpriority debtor-in-possession term loan facility (the “Junior DIP Facility”); and (ii) exchange Notes for up to an aggregate amount of $375,000,000 of junior term loans (the “Junior Loans”) under the Junior DIP Facility. Holders participating in the offer will commit to becoming lenders under the Junior DIP Facility.

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