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Jones Day to perform restructuring plan for Eastman Kodak

published October 03, 2011

By Author - LawCrossing
Published By
( 1 vote, average: 4.3 out of 5)
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10/03/11

Jones Day to perform restructuring plan for Eastman Kodak

Jones Day has been hired by Eastman Kodak for restructuring advice as a result of having faced flagging stock prices and uncertainty over its direction. Many investors doubted the soundness of Eastman Kodak's finances after it had accessed $160 million from a revolving asset-based credit line capped at $400 million. Jones Day will advise Kodak on ways to improve its finances by raising new equity or seeking debt forgiveness from creditors. The law firm previously stood for Kodak in various litigation matters, including patent infringement suits involving Sony and Goodyear.

published October 03, 2011

By Author - LawCrossing
( 1 vote, average: 4.3 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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