secwatch.observer — SEC 8-K summary
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Issuer:     EASTMAN KODAK CO (KODK)
CIK:        0000031235
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020901
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eastman Kodak closes $450M term loan refinancing, terminates ABL facility and $25M convertible notes
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- Borrowed $450M under amended term loan credit agreement to refinance existing senior secured term loan and repay ABL revolver and $25M convertible notes.
- Amended L/C facility increased commitments to up to $100M, with cash collateral requirement; commitments reduce to $50M after Aug 30, 2023.
- Kennedy Lewis Investment Management's board nomination right extended until KLIM holds at least $200M of refinancing term loans.
- All obligations under Existing ABL Credit Agreement terminated and security interests released.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/31235/000143774923020901/0001437749-23-020901-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/31235/000143774923020901/ekc20230726_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020901

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