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Jones Day to Perform Restructuring Plan for Eastman Kodak

10/03/11

Jones Day

to perform restructuring plan for Eastman Kodak

Jones Day has been hired by Eastman Kodak for restructuring advice as a result of having faced flagging stock prices and uncertainty over its direction. Many investors doubted the soundness of Eastman Kodak's finances after it had accessed $160 million from a revolving asset-based credit line capped at $400 million. Jones Day will advise Kodak on ways to improve its finances by raising new equity or seeking debt forgiveness from creditors. The law firm previously stood for Kodak in various litigation matters, including patent infringement suits involving Sony and Goodyear.

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