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Kodak Finalizes Terms On Exit Financing

It is another step toward emerging from bankruptcy for Kodak.
It is another step toward emerging from bankruptcy for Kodak.

The company is now committed to make a  least $600 million in cash through its printing business, trademarks and more. Its benchmark was originally $700 million. Kodak also plans to hire a firm to begin the search for a new board of directors. A bankruptcy judge must approve the matter. Kodak filed for bankruptcy last January. It expects to emerge later this year.
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