Reuters - Kodak in $793M Deal to Exit Bankruptcy

Eastman Kodak Co. said on Monday it has reached a $793 million financing deal with bondholders that could take the one-time photography giant out of bankruptcy. The deal, which still needs bankruptcy court approval, will come in the form of new loans from Centerbridge Partners, GSO Capital Partners, UBS and JPMorgan Chase & Co, Kodak said in a statement. The financing is contingent on the company receiving at least $500 million for a patent portfolio it has been trying to sell for more than a year, Kodak said. The package should allow Kodak to emerge from bankruptcy in the first half of 2013, Antonio Perez, Kodak's chief executive, said in the statement.

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