Kodak Expects Year End Cash Balance of $1.7B to $1.8B

Eastman Kodak Company EK today announced the successful completion of its previously announced private placement of $250 million aggregate principal amount of Senior Secured Notes due 2019.

In conjunction with the action referenced above, Kodak is updating its guidance for 2011 cash balance. Previously, the company forecasted a year-end cash balance of $1.5 billion to $1.6 billion. With the action completed today, the company now expects to end 2011 with a cash balance of $1.7 billion to $1.8 billion.