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Kodak to raise at least $100 million second-lien debt for notes offer
By Sara Rosenberg
New York, Feb. 3 - Eastman Kodak Co. plans to raise a minimum of $100 million of second-lien debt to fund its senior notes tender offer, according to a news release.
The company is tendering for up to $100 million of its 7.25% senior notes due 2013.
Kodak said that it is making the tender offer because recently improved conditions in the debt markets may allow it to extend the maturity of its existing debt and improve its capital structure.
The tender offer will expire at 9 a.m. ET on March 4.
Kodak is a Rochester, N.Y.-based provider of imaging technology products and services to the photographic and graphic communications markets.
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