New York, July 16, 2013 -- Moody's Investors Service, ("Moody's") assigned a B3 Corporate Family Rating ("CFR") and B3-PD Probability of Default Rating to Eastman Kodak Company ("Kodak "). Concurrently, Moody's assigned a B1 rating to the company's proposed $420 million first lien senior secured term loan and a B3 rating to the company's proposed $275 million second lien senior secured term loan. Proceeds from the term loans and the new $200 million asset-based liquidity ("ABL") revolving credit facility (unrated) are expected to be used to refinance the company's existing debtor-in-possession ("DIP") facilities and pay related expenses upon emergence from bankruptcy expected later this quarter. The rating outlook is stable. Moody's also assigned a SGL-2 liquidity assessment to the company indicating good liquidity.

Vollständigen Artikel bei Moodys lesen