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Post by forkodak on Jun 21, 2013 17:32:30 GMT -5
On June 18, 2013, Eastman Kodak Company (the “Company”) entered into a backstop commitment agreement with GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”), pursuant to which the Backstop Parties, which are creditors of the Company, will provide a $406 million commitment to backstop two proposed rights offerings (the “Rights Offerings”) to be conducted in connection with the Amended Joint Plan of Reorganization of the Company and its debtor affiliates (the “Backstop Commitment Agreement”). investor.kodak.com/secfiling.cfm?filingid=1193125-13-267577
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