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[CNN] 133-year old Kodak says it might have to cease operations
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer.
In its earnings report Monday, the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. It also said that it doesn’t expect tariffs to have “material impacts” on its business because it manufactures its many of its products, includings cameras, inks and film in the United States. In a statement to CNN Tuesday, a Kodak spokesperson said that it’s “confident it will be able to pay off a significant portion of its term loan well before it becomes due, and amend, extend or refinance our remaining debt and/or preferred stock obligations.”
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