Fear is cheap that the Kodak, one of the world’s largest final companies, will soon shut down its doors. Those fears were encouraged by control from Monday, where the company spoke of its credit burdens and a lack of liquidity to pay. However, the company has since denied that the closure will be closed anytime.
“The media reports that Kodak stops working, out of business, or completion of the bankruptcy is not the case of recently made,” the company said on the media published on Thursday. “These articles mislead and lose delicate context, and we would like to set up the record straight.”
Disciploxation on Monday said the company ‘included a debt where within twelve months “and that they did not” earn money or fees for such responsibilities if applicable. “The credit payer includes some $ 477 million in the time debt, as well as $ 100 million for selected stocks, the company said.
The company program is to pay that debt includes selling its employee pension techniques. Democrat and chronicle Reports, last in November, announced the company to sell $ 764.4 million to billions from its pension scheme. About 35,000 employees receive a pension from the company, Wall Street Journal reports. The sale can lead to “winning $ 585 million when the Kodak will use credit and investment in its business,” according to the journal.
In its renovation on Thursday, the company said: “Kodak has been preparing for a pension program for some time and expects to get about $ 500 million of Averes – afterwards To meet our obligations from all pension fund participants – December 2025 when the transaction is closed. About $ 300 million is expected of money, and approximately $ 200 million are expected to be converted into cash. “
The company also explained its strategies: “The Kodak is required of its loan documents to spend a 300 million money expected to be obtained in December.”
Kodak now states that “sure it will pay, increase, or shell its credit and its preferred stock, or before, its day.” It also called the latest filling preparation for the “technological report required by Accounting Actives,” and they have plans to stop working, get out of business, or a detection file. “Gizmodo reached Kodak for more information.
Film’s buffs expressed concern about Kodak battles, because the company is one of the chief suppliers of films in the motion field. The company also sells cameras and provides digital services, and.
