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Post by dmdmd1 on May 29, 2013 21:24:34 GMT -5
Courtesy of BK25: Kodak BOD knew about the insider trading activity From Disclosure Statement, Page 16 As of the Petition Date, the Debtors owed accrued and unpaid interest on the Second Lien Notes in the aggregate amount of $28 million. As described more fully in Section 3.D.2.b below, the DIP Term Loan Credit Agreement provided for the issuance of up to $375,000,000 of Junior Loans in exchange for amounts outstanding under the 2018 Notes and 2019 Notes. The Debtors believe that there has been substantial trading activity with respect to the Second Lien Notes since the Debtors entered into the DIP Term Loan Credit Agreement and the Junior Loans were issued in exchange for $375,000,000 of the 2018 Notes and 2019 Notes.Read more: kodak.boards.net/index.cgi?board=general&action=display&thread=5638#ixzz2UjrjAx9R
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