Kodak completes $1.023B pension reversion; repays $312M in term loans, net cash positive

EASTMAN KODAK CO

Excess pension assets of $1.023B reverted to Kodak; $767M in cash and investments retained.
Used $312M to prepay term loans, reducing outstanding balance to $200M.
Cash balance now exceeds $300M after paying ~$153M in excise taxes.
Directed $256M ($251M investments + $5M cash) to fully fund new Kodak Cash Balance Plan.
All KRIP pension obligations fully settled; remaining cash for general corporate purposes.

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