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Kodak has no plans to cease, go out of business, or file for bankruptcy
Kodak clarifies it is not closing or filing bankruptcy; plans debt repayment and pension fund transaction for a stronger balance sheet in 2025.
To the contrary, Kodak is confident it will repay, extend, or refinance its debt and preferred stock on, or before, its due date. Kodak is required by its loan documents to use the $300 million of cash expected to be received in December to repay term debt. Kodak's Ongoing Operations In addition to our focus on reducing debt and interest payments, we believe our business is stable and self-sustaining.
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