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I fear the Kodak’s understanding, one of the latest film companies in the world, can be shutdown. Those pears were frightened by a regulatory yarn Monday on Monday, in which the company has talked his load of debt and a lack of liquidity to pay. However, the company has to be emergent to deny that will be closed in each time soon.
“The media reports that Kodak will stop operations, exit trade, or introduce a fundamental captain the company founded his second registration company In a press release Posted on Thursday. “These items are misleades context and missing critical context, and we enjoy the register registration.”
Monday’s discult said that the company had “the defined donut giving twelve months” and that does not have in design of such tapers from their terms of their term. “That debt payment includes a little $ 477 million in term debt, and also $ 100 million favorite, company said.
The company plan to pay for this debt partly involves the sale of their employees of their employees. Democrat and chronic reports thatThe last November, the company announced a plan for selling $ 764.4 million from the axis from its pension system. Some 35,000 employees receive a pension from the company, Wall Street Journal reports. I am The sale could lead to a “$ 585 million money gain that Kodak use to reduce the debt and invest in their business”, according to the newspaper.
In his update on the Thursday, the company said: “Kodak was prepared for the Termination of the Pension Plan for some time and wait to receive approximately $ 500 million – Then Meeting our obligations to all the retail fund participants – in 2025 December when the shutdown transaction. About $ 300 million funds are expected of money, and about $ 200 millions are expected to be assets of investments that will be converted to money. ‘
The company also explained their plans: “Kodak is required by his day’s debt money loan documents
Kodak now says it’s “confident, extend, or refresh their nobie and preferred to, or before expiry.” Also called the recent ruler of ruler a “technical rules that is required by accounting”, did not promise, or file for the protection of failure. “Gizmoto arrived at Kodak for more information.
The film bueses express concerns about Kodak fights, since the company is one of the The largest contemporary movie of movie stock to the moving picture industry. The company also sells a rooms of rooms and provides services for UGITAL, as well.
