Kodak Wins Approval for $844 Million Bankruptcy Financing

Kodak is “well on its way” to completing its reorganization and the financing will support the company as it develops its plan, Andrew Dietderich, a Kodak attorney, said at the hearing. Kodak said in a statement that it plans to emerge from bankruptcy in the middle of this year.

Kodak, based in Rochester, New York, filed for bankruptcy in January 2012, and Chief Executive Officer Antonio Perez has been selling businesses to shrink the company and fund its shift into commercial printing and packaging. Earlier this month, it won court approval to sell patents to a group of technology companies.