Judge OKs $830M Kodak Financing Commitment Letter

Law360, New York (December 14, 2012, 12:52 PM EST) -- Eastman Kodak Co. can now begin working out the terms of $830 million in new exit financing with a group of second-lien noteholders while entertaining better offers, following a New York bankruptcy judge's Friday approval of commitment documents with the lenders.

U.S. Bankruptcy Judge Allan L. Gropper signed off on the financing commitment documents for secured supplemental post-petition and exit financing, which the debtor will now enter into with the steering committee of the second-lien noteholders committee. The approval doesn't clear the way for the financing...
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