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Article: Kodak Finalizes KKR Transaction.
- Article from:
- Health & Beauty Close-Up
- Article date:
- October 2, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Eastman Kodak Company has announced that it has completed a previously announced issuance to Kohlberg Kravis Roberts & Co. (KKR) managed investment vehicles of $300 million in aggregate principal amount of 10.50 percent Senior Secured Notes due 2017 and warrants to purchase 40 million shares of Kodak common stock.
As announced on September 16, the KKR transaction, along with a separate private placement transaction of $400 million aggregate principal amount of Convertible Senior Notes due 2017, which closed on September 23, was part of an overall $700 million financing transaction designed to reinforce Kodak's strategic direction and strengthen the company's ...