Kodak Secures $2.7 Billion in Credit

Eastman Kodak Co. on Monday said it obtained $2.7 billion of senior secured credit facilities, increasing its financial flexibility in the wake of acquisitions made to expand its digital business.

The financing includes a $1 billion to $1.2 billion five-year revolving credit facility, of which proceeds will be used for general corporate purposes and will replace a facility expiring next July. Kodak said it will also include term loans to pay off debt from its acquisition of Creo Inc. in June.

Source: Forbes


Posted: Mon - August 15, 2005 at 11:45 AM