Kodak: Creditors are ready to invest up to $406M in rights offering

06/20/2013 | Bloomberg

Creditors are prepared to put as much as $406 million into Eastman Kodak as part of a rights offering, the company says. Pending a bankruptcy judge's approval, the creditors are willing to backstop a rights offering that involves 34 million shares of stock. "Attracting this additional funding is a strong vote of confidence in both Kodak's plan of reorganization and in the actions we have taken during our restructuring to create a solid future for our company," said Kodak Chairman and CEO Antonio Perez.

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