Kodak Closes On Amended And Restated Credit Agreement (EK)

Eastman Kodak Company EK today successfully closed on a five-year Amended and Restated Credit Agreement. The Amended Facility provides enhanced financial flexibility for the company as it works to complete its historic business transformation. The previous credit agreement was scheduled to expire on March 31, 2012. The Amended Facility provides for revolving loans and letters of credit for up to $400 million and has a five-year term. The borrowers are Eastman Kodak Company and Kodak Canada Inc. The Amended Facility is secured by assets of the borrowers and certain of their domestic subsidiaries. Currently, there is no debt for borrowed money outstanding under the Amended Facility.