Kodak set to borrow $793M | Reduction

Kodak set to borrow $793M

Kodak 255x Instantmatic by andres.moreno
License (according to Flickr): Attribution License

Excerpt:

NEW YORK Struggling picture leader Eastman Kodak said Monday that it has actually reached an arrangement to borrow $ 793 million, a vital step in letting it leave bankruptcy protection in the first half of following year. The deal is contingent on Kodak being able to sell its patent portfolio for at least $ 500 million. The company has actually been trying to sell that possession for at least a year. In a declaration, Kodak says it is "confident it will achieve" that demand. "The additional liquidity from this financing will enable Kodak to accelerate its momentum as we continue to successfully execute on our reorganization objectives and emerge in the first half of 2013," CEO Antonio M. Perez said in a declaration.

Concepts:

Rochester, New York Blackstone Group One Equity Partners Investment banks JPMorgan Chase Washington Mutual Kohlberg Kravis Roberts Eastman Kodak

People:

CEO Antonio M. Perez

Overall Sentiment: 0

Relevance: 0.22422

Sentiment	Quote
0.0187098	"The additional liquidity from this financing will enable Kodak to accelerate its momentum as we continue to successfully execute on our reorganization objectives and emerge in the first half of 2013," CEO Antonio M. Perez said ...
Sentiment Stats:	Number of Quotes: 1 Aggregate Sentiment: 0.0187098 Mean: 0.0187098 Standard Deviation: 1.4142135623731

Disambiguation: BoardMemberReferences:

• Antonio M. Perez: dbpedia
• Antonio M. Perez: freebase

Key:

• Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
• The Mean is meant to be an indicator of an individual's average comment sentiment.
• The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Company: Eastman Kodak

Overall Sentiment: 0.0674001

Relevance: 0.923996

Disambiguation: AwardWinner | SoftwareDeveloperReferences:

• Eastman Kodak
• Eastman Kodak: dbpedia
• Eastman Kodak: freebase
• Eastman Kodak: umbel
• Eastman Kodak: yago

Meta

URL Provided Title:

Kodak set to borrow $793M

Site Provided Desc:

Photo pioneer reached a deal to borrow money from Centerbridge Partners, Blackstone, UBS and JPMorgan Chase

Site Provided Keywords:

• $793 million loan
• bankruptcy protection
• eastman kodak company
• jpmorgan chase
• kodak
• printing and photography
• the blackstone group

Source Site: Click

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/OUl3cJDBHxQ/

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