Eastman Kodak Co. has held discussions with several hedge funds about providing roughly $900 million in rescue financing that would bolster the imaging company's finances while it tries to sell a trove of patents, people familiar with the matter told the Wall St Journal.
Since about mid-September, Kodak has held discussions with Cerberus Capital Management LP, Silver Point Capital LP, Centerbridge Partners LP and Highbridge Capital Management LLC, the people said.
The discussions are preliminary, and it remained unclear whether they would lead to a deal, the people said. Rochester, N.Y.-based Kodak hasn't yet negotiated details of the possible financing, one of the people…
Read more at http://online.wsj.com/article/SB10001424052970204777904576651610707113324.html?mod=WSJ_business_whatsNews
No comments:
Post a Comment