Kodak Company faced bankruptcy in New York

Note: This section contains information in English only.
Source: Forexfactory
Kodak announced that the company and its subsidies located in the US filed for chapter 11 in the US Bankruptcy Court. The chapter 11 stipulates business reorganization intended to boost liquidity and to provide the company with a possibility to concentrate on the most viable business lines. Kodak has got $950 million credit facility that will enable company to operate during Chapter 11.
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