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Kodak Says Reports of Its Imminent Demise Are Greatly Exaggerated | The film company say it's not out of the game yet.
The film company say it's not out of the game yet.
Those fears were spurred by a regulatory filing released Monday, in which the company spoke of its debt load and a lack of liquidity to pay it off. Democrat and Chronicle reports that, last November, the company announced a plan to sell $764.4 million in assets from its pension system. The company further explained its plans thusly: “Kodak is required by its loan documents to use the $300 million of cash expected to be received in December to repay term debt.
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