Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eastman Kodak Co. > News item |
Eastman Kodak announces cash tender for up to $100 million 7¼% notes
By Devika Patel
Knoxville, Tenn., Feb. 3 - Eastman Kodak Co. announced it has started a cash tender offer for up to $100 million of its $500 million outstanding 7¼% senior notes due 2013.
The company will pay $950 per $1,000 in notes for notes tendered by 5 p.m. ET on Feb. 11, the early tender deadline. It will pay $910 per $1,000 in notes for any notes tendered after that deadline. Accrued interest will be paid up to but excluding the settlement date.
Kodak said it is making the offer because of recently improved conditions in the debt markets that may allow it to extend the maturity of existing debt and improve its capital structure.
The offer will expire at 9 a.m. ET on March 4.
The tender offer is conditional upon Kodak raising at least $100 million of second-lien debt to finance the offer.
Citi (800 558-3745 or 212 723-6106) is the dealer manager for the offer. Bank of New York Mellon is the depositary, and Georgeson, Inc. (800 248-7605 or 212 440-9800) is the information agent.
Eastman Kodak is a Rochester, N.Y.-based provider of imaging technology products and services to the photographic and graphic communications markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.