Kodak Hinges on Pensions to Save It From Renewed Trouble
The company needs to fund almost $500 million of debt and about $100 million of preferred equity by May 2026.
Signage is displayed outside Kodak Tower at the Eastman Kodak Co. headquarters complex in Rochester, New York, U.S.
Photographer: Mike Bradley/BloombergWelcome to The Brink. I’m Dorothy Ma, a reporter in New York, where I look at Kodak’s reliance on its pension plan to save it from another restructuring. We also look at Argentina’s failed Treasury auction and have one question with WhiteHawk Capital Partners. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Eastman Kodak said earlier this week there were doubts about its ability to operate as a going concern, sending its shares tumbling 20% on Tuesday and triggering flashbacks to its 2012 bankruptcy.