Kodak Secures Up To $895M In Loans For Ch. 11 Exit

Law360, Chicago (June 20, 2013, 12:05 PM EDT) -- Eastman Kodak Co. has secured up to $895 million in financing from three major banks to help get the iconic photography company back on its feet once it emerges from bankruptcy, it announced Thursday.

JPMorgan Chase Bank NA, Bank of America NA and Barclays Bank PLC are lead arrangers for the exit financing package, which consists of a $200 million asset-base revolving credit facility and two term loans totaling $695 million, according to documents filed in New York bankruptcy court.

"The new financing, combined with other...
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