Eastman Kodak is denying reports that it is closing.
On Wednesday, like media outlets CNN And CNBC The company expands the ongoing financial challenges, which includes the details given in its earnings report, which warned the investors that it does not have “financing or available liquidity” to meet the loan obligations within 12 months.
However, Kodak quickly published Press release To compete with these claims, given that “there is no plan to stop operation” or file for insolvency conservation. Instead, it claims that the plans to “repay, extend or refinance your debt before the due date, and are expected to be a strong balance sheet early next year.
The company offered an interpretation of its financials, given that it would use $ 300 million in cash received from its pension scheme ending in December 2025, which addresses a large part of its $ 477 million on a term date. This will then address the remaining $ 177 million in loans and another $ 100 million favorite stock arrears.
Despite these clarifications on recent issues, the 133 -year -old company has regularly fought with finance as digital technology to receive film sales. Kodak The first was filed for bankruptcy in 2012. In recent years, however, some gene z users have Hugged Old technologyLike Compact camera And Dumb phoneHe never got experience as a way to tap in apathy for a time.
