Kodak Arranges $793 Million Financing for Bankruptcy Exit

Eastman Kodak Co., the bankrupt photography pioneer, said it arranged with some creditors for $793 million in financing to exit bankruptcy as a commercial-printing company by mid-2013.

Centerbridge Capital Partners, GSO Capital Partners, UBS AG and JPMorgan Chase & Co. are among second-lien creditors participating in the financing, which will be used during bankruptcy and can partly be converted to fund the emerging company, Rochester, New York-based Kodak said yesterday in a statement. The agreement requires court approval.