Kodak Announces the Sale of Its Digital Imaging Patents for $525 Million

“This proposed transaction enables Kodak to repay a substantial amount of our initial DIP loan, satisfy a key condition for our new financing facility, and position our Commercial Imaging business for further growth and success,” Antonio M. Perez, chairman and CEO, said.

The transaction enables the company to continue innovating in its core commercial imaging technologies that are fundamental to its future. Commercial imaging is a business in which Kodak has significant competitive advantages and strong growth prospects.