Thursday, October 30, 2014

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Rochester

Kodak Given Six-Week Extension

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A U.S. Bankruptcy Court judge granted Eastman Kodak six more weeks to emerge from bankruptcy.

The ruling comes as the company announced Tuesday that it had entered into a financing deal to secure $793 million in loans.

The extension gives Kodak until February 28th to emerge from bankruptcy.

Kodak says the financing deal is subject to Bankruptcy Court approval at a hearing next month, which has not yet been scheduled

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