Kodak denies it’s shutting down amid media reports of financial struggles

The report that Eastman Kodak is shutting down it is denying the report.

Wednesday, like the media outlet CNN And CNBC In detail, the company’s ongoing financial challenges, with the statement of its income reports, warned the investors that it does not have “committed financing or available fluidity” to meet the debt obligations within 12 months.

However Kodak quickly revealed a Press release To deal with these claims, it mentions that “there is no plan to stop the operation” or there are files for bankruptcy protection. Rather, it has claimed that he plans to repay, expand or re -finance “before the scheduled date and is expected to have a stronger balance sheet early next year.

The company also provided an explanation of its financials, noting that it would use $ 300 million cash from the completion of its pension plan in December 2025, which could add a large part of its $ 477 million term to the debt. Then it will address the remaining $ 177 million debt and more $ 100 million to the desired stock.

Despite this clarity in recent issues, the agency, aged 133, has fought regularly for money because of the adoption of digital technology film sales. Kodak Banquet In 202. In recent years, however, some General Z users Hug Old technologyOpinion Compact camera And Dumb phoneThey never experienced experience as a way to tap nostalgia for such a time.

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