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Article: Kodak Completes KKR Transaction.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- October 14, 2009
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Eastman Kodak Company (NYSE:EK) announced that it has completed a previously announced issuance to Kohlberg Kravis Roberts & Co. L.P. (KKR) managed investment vehicles of $300 million in aggregate principal amount of 10.50% Senior Secured Notes due 2017 and warrants to purchase 40 million shares of Kodak common stock. As announced on September 16, 2009, 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, 2009, was part of an overall $700 million financing transaction designed to reinforce Kodak's strategic direction and strengthen the ...