Kodak Scores New $793M Deal To Grease Bankruptcy Wheels

Law360, New York (November 13, 2012, 10:48 PM EST) -- Eastman Kodak landed $793 million in new financing from a group of lenders including Centerbridge Partners L.P. and JPMorgan Chase & Co. to help the struggling firm out of bankruptcy, but the erstwhile camera giant must sell its digital imaging patent portfolio as part of the deal.

Kodak, which filed for Chapter 11 in January after months of financial struggle, revealed Monday that Centerbridge and the other firms won a bidding war over the right to provide Kodak with junior debtor-in-possession financing. The bundle includes $476 million...
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