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VRSS | All | Kodak Says It'll Figure Things Out and Won't Shut Down |
August 14, 2025 10:40 AM |
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Feed: Slashdot Feed Link: https://slashdot.org/ --- Title: Kodak Says It'll Figure Things Out and Won't Shut Down Link: https://slashdot.org/story/25/08/14/1531205/k... 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. --- VRSS v2.1.180528 |
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