Report: Eastman Kodak Lines Up Financing

Eastman Kodak has arranged $793 million in financing from certain creditors to emerge from bankruptcy as a "commercial printing company," Bloomberg reported, citing a person familiar with the negotiations.

The agreement, which requires court approval, would see second-lien creditors Centerbridge Capital Partners, GSO Capital Partners, UBS AG and JPMorgan Chase participating in the financing, according to Bloomberg. The financing is dependent upon Kodak selling its patent portfolio for no less than $500 million, said the person familiar with the negotiations.