Antonio M. Perez, Chairman and Chief Executive Officer, stated: “This agreement is another step towards ensuring that Kodak is positioned to execute on the company’s goals set out last month: Bolster the liquidity in the U.S. and abroad, monetize the non-strategic intellectual property, fairly resolve legacy liabilities, and enable Kodak to focus on its most valuable business lines.”
Kodak and its U.S. subsidiaries filed to reorganize its U.S. business under Chapter 11 on Jan. 19. Non-U.S. subsidiaries were not part of the filing.