Kodak To Raise Up To $700M With Note Issuance

Law360, New York (September 17, 2009, 6:41 PM EDT) -- Eastman Kodak Co. has announced a plan to raise up to $700 million, made up in large part of a commitment from Kohlberg Kravis Roberts & Co. LP to buy up to $400 million in senior secured notes due 2017.

Kodak will issue KKR warrants to purchase between 40 million and 53 million shares of Kodak common stock — between 14.9 percent and 19.8 percent of the company's outstanding shares — it said statements issued Wednesday along with filings with the U.S. Securities and Exchange Commission....
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