Kodak's $950M DIP Agreement Gets Green Light

Law360, New York (February 15, 2012, 7:41 PM EST) -- A New York bankruptcy judge approved a $950 million debtor-in-possession facility Wednesday for Eastman Kodak Co. a day after Samsung Electronics Co. Ltd. and a host of technology companies raised concerns that the deal could impair their intellectual property licensing rights or defenses.

U.S. Bankruptcy Judge Allan L. Gropper granted approval to the DIP agreement, which had prompted IBM Corp., Samsung and others to seek clarification that Kodak and the debtor-in-possession lenders were not attempting to impair the electronics companies' defenses to litigation or ability to...
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