{"id":944,"date":"2025-08-14T00:52:22","date_gmt":"2025-08-13T20:52:22","guid":{"rendered":"https:\/\/www.actutech.app\/kodak-says-itll-figure-things-out-and-wont-shut-down\/"},"modified":"2025-08-14T00:52:22","modified_gmt":"2025-08-13T20:52:22","slug":"kodak-says-itll-figure-things-out-and-wont-shut-down","status":"publish","type":"post","link":"http:\/\/www.actutech.app\/en\/kodak-says-itll-figure-things-out-and-wont-shut-down\/","title":{"rendered":"Kodak says it\u2019ll figure things out and won\u2019t shut down"},"content":{"rendered":"
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In a regulatory filing on Monday<\/a>, Kodak warned investors that the 133-year-old photography company didn\u2019t have the financing it would need to pay around $500 million of debt obligations<\/a> that were coming due, raising doubts about the company\u2019s ability to continue.<\/p>\n

But in a statement shared with The Verge<\/em>, Kodak says it plans to use money from the company\u2019s pension fund to pay off a large portion of its debt before it comes due. \u201cThe \u201cgoing concern\u201d language in Kodak\u2019s 10-Q is essentially required disclosure because Kodak\u2019s debt comes due within 12 months of the filing,\u201d according to Denisse Goldbarg, Kodak\u2019s CMO and Head of EAMER Sales.<\/p>\n

If anything, Goldbarg says, Kodak will end the process with \u201ca stronger balance sheet than we have had in years.\u201d Here\u2019s Goldbarg\u2019s full statement:<\/p>\n

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\u201cKodak is confident it will be able to pay off a significant portion of its term loan well before it becomes due, and amend, extend or refinance our remaining debt and\/or preferred stock obligations. To fund the repayment, we plan to draw on the approximately $300 million in cash we expect to receive from the reversion and settlement of our U.S. pension fund (the Kodak Retirement Income Plan, or \u201cKRIP\u201d) in December. However, the KRIP reversion is not solely within Kodak\u2019s control and therefore is not deemed \u201cprobable\u201d under U.S. GAAP accounting rules, which is what triggered the \u201cgoing concern.\u201d Once the KRIP reversion is completed Kodak will be virtually net debt free and will have a stronger balance sheet than we have had in years.\u201d<\/p>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"

In a regulatory filing on Monday, Kodak warned investors that the 133-year-old photography company didn\u2019t have the financing it would […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-944","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts\/944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/comments?post=944"}],"version-history":[{"count":0,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/posts\/944\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/media?parent=944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/categories?post=944"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.actutech.app\/en\/wp-json\/wp\/v2\/tags?post=944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}