Eastman Kodak buys back $13 million second-lien term loans at 98

By Marisa Wong

Morgantown, W.Va., Sept. 15 – Eastman Kodak Co. repurchased a total of $13 million of second-lien term loans through a modified Dutch auction procedure, according to an 8-K filing with the Securities and Exchange Commission.

The company offered to repurchase up to $25 million of second-lien term loans within a price range of 97% to 98.5% of par. The amount repurchased, $13 million, represents all second-lien term loans for which bids were received at prices within the range.

The price paid for the repurchased loans was 98% of par.

Closing occurred on Sept. 14. The repurchased loans were automatically cancelled.

Barclays Bank plc is the administrative agent under the credit agreement date Sept. 3, 2013.

Kodak is a Rochester, N.Y.-based imaging technology products and services provider to the photographic and graphic communications markets.

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