It is being provided by JPMorgan Chase, Bank of America, Merrill Lynch and Barclays. The combination of financing and rights offering will enable the company to repay its secured creditors once it emerges from bankruptcy. It will also allow Kodak to finance its exit from chapter 11 and provide post-emergence working capital. The deal is subject to bankruptcy court approval and other conditions.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.