By Tanya Agrawal
Oct 12 (Reuters) - Eastman Kodak Co said it will begin
discussions with various creditor groups on a reorganization
plan to emerge from bankruptcy protection.
The company said in a filing that it expects revenue of $833
million for 2013 from its commercial imaging digital printing
business and $1.72 billion from its commercial imaging graphics,
entertainment & commercial films.
Kodak said there is interest from various parties in its
commercial imaging business and interest among several potential
lenders to finance the business.
"We are gratified that there appears to be interest among
several potential lenders to finance this business and its
emergence, and with this disclosure, we are now better
positioned to explore these funding opportunities," Kodak Chief
Executive Antonio Perez said.
The company had said last month that it would stop selling
inkjet printers from next year as it winds down most of its
consumer businesses.
The company which has already shuttered its digital camera
business is continuing to explore options to sell its patents,
estimated to be worth between $2.2 billion and $2.6 billion.
Kodak said the global August employee count will be reduced
by 1,500.
Kodak filed for bankruptcy earlier this year after
struggling to adapt to the digital age.
The case is In re: Eastman Kodak Co et al, U.S. Bankruptcy
Court, Southern District of New York, No. 12-10202.
Follow us on Twitter @ReutersLegal | Like us on Facebook