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

196d ago
Technology
The Verge
Digital technology
Kodak, the 133-year-old photography company, issued a warning to investors about its ability to meet approximately $500 million in upcoming debt obligations. This raised concerns about the company's future. However, Kodak subsequently stated that it plans to use funds from its pension fund to pay off a significant portion of the debt. According to Kodak's CMO, Denisse Goldbarg, the "going concern" language in the regulatory filing is a standard disclosure due to the debt's proximity. Goldbarg asserts that Kodak anticipates emerging from this process with a stronger balance sheet.
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