Kodak Accepts New Financing Offer From Bondholders
We've been following the fate of Kodak pretty closely since the company started sliding towards bankruptcy, and things have been slowly but surely improving for the company.
When all hope seemed lost, Kodak was offered financing to help pull them out of bankruptcy, and now they've been given a new deal for more money from a larger group of bondholders.
This new loan gives the company around $40 million more to work with, which is a huge boon for Kodak. It also allows more people to have their voices heard in the process, which could go one way or the other.