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Kodak Says It'll Figure Things Out and Won't Shut Down
Thursday August 14, 2025. 05:30 PM , from Slashdot
Kodak says it remains confident it can avoid shutdown despite filing required 'going concern' disclosures about $500 million in debt obligations due within 12 months. The 133-year-old photography company plans to draw approximately $300 million from its U.S. pension fund in December to pay off a significant portion of its term loan before maturity. Chief Marketing Officer Denisse Goldbarg said the disclosure was mandatory under accounting rules but Kodak would emerge virtually debt-free.
Read more of this story at Slashdot.
https://slashdot.org/story/25/08/14/1531205/kodak-says-itll-figure-things-out-and-wont-shut-down?utm...
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