Kodak 2012 Annual Report Download - page 48
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Please find page 48 of the 2012 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Agreement becoming effective, the absence of any material adverse effect since September 30, 2012 and the occurrence of the closing of the
Junior DIP Facility no later than April 5, 2013. If Kodak fails to satisfy any of these conditions, including any conditions to the amendment of
the DIP Credit Agreement becoming effective, the financing under the Junior DIP Facility will not be made available to the Company, which
may adversely affect Kodak’s liquidity and, consequently, its businesses, operating results, financial condition and the Debtors’
ability to emerge
from bankruptcy. In addition, a portion of the loans under the Junior DIP Facility will convert into loans under the related exit facility. If the
Company consummates the Junior DIP Facility but fails to meet the conditions precedent to conversion, the Company will be required to repay
in cash the Junior DIP Facility together with accrued and unpaid interest, which may adversely impact the Debtors’ ability to emerge from
bankruptcy.
Liens on assets under Kodak’s borrowing arrangements are not expected to affect Kodak’s ability to divest of non-core assets.
Refer to Note 11, “Short-Term Borrowings and Long-Term Debt,” in the Notes to Financial Statements for further discussion of long-term debt,
related maturities and interest rates as of December 31, 2012 and December 31, 2011.
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