Eastman Kodak Co. has taken a big step toward getting out of bankruptcy.
The shrunken Rochester icon said Monday it has arranged $793 million in financing with four lenders that would help give the company the stability it needs to emerge from court protection sometime in the first half of 2013.
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NewPage Enters Chapter 11 Restructuring Process
September 7, 2011
NewPage expects to continue operating its U.S. businesses as usual throughout the Chapter 11 process and has obtained a commitment led by J.P. Morgan for up to $600 million in Debtor in Possession (DIP) financing. “We strongly believe that the court-supervised restructuring we began today is the most effective means of strengthening our financial position and enhancing our standing as the leading producer of printing and specialty paper in North America,” said George F. Martin, president and CEO of NewPage.
Allen Printing Files for Bankruptcy Protection
June 25, 2010
From PI Weekly
NASHVILLE, TN—Allen Printing has filed for Chapter 11 bankruptcy protection in federal court, the Nashville Business Journal
reported, burdened by more than $1 million in liabilities. Co-owner Paul Heffington told the newspaper he believes the "worst is behind us" and that the restructuring will put the company's financial standing on firmer ground.