Launches Private Placement of $200 Million Senior Secured Notes
N.Y., March 9 Eastman Kodak Company (NYSE: EK) today announced its intention to offer,
subject to market and other conditions, $200 million aggregate principal amount of senior secured
notes in a private placement to qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended, and outside the United States to persons other than U.S. persons in
reliance upon Regulation S under the Securities Act.
Kodaks obligations under the notes will be fully and unconditionally guaranteed on a senior
secured basis by each of Kodaks existing and future direct or indirect wholly-owned domestic
subsidiaries, subject to certain exceptions, and will be secured by a second-priority lien on
substantially all domestic assets of Kodak and the guarantors, subject to certain exceptions.
Final terms of the notes, including the interest rate and other terms, will be determined by
negotiations between Kodak and the initial purchasers of the notes.
intends to use the net proceeds from the offering for general
announcement is neither an offer to sell nor a solicitation of an
offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which
such offer, solicitation, or sale is unlawful. The securities will not be registered under the
Securities Act of 1933, as amended, or any state securities laws, and unless so registered, may not
be offered or sold in the United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state laws.