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