Kodak says it’ll figure things out and won’t shut down

“Kodak is assured it will likely be capable of repay a good portion of its time period mortgage properly earlier than it turns into due, and amend, lengthen or refinance our remaining debt and/or most popular inventory obligations. To fund the reimbursement, we plan to attract on the roughly $300 million in money we anticipate to obtain from the reversion and settlement of our U.S. pension fund (the Kodak Retirement Earnings Plan, or “KRIP”) in December. Nonetheless, the KRIP reversion shouldn’t be solely inside Kodak’s management and subsequently shouldn’t be deemed “possible” beneath U.S. GAAP accounting guidelines, which is what triggered the “going concern.” As soon as the KRIP reversion is accomplished Kodak will likely be just about internet debt free and can have a stronger steadiness sheet than we now have had in years.”