Kodak plans cash tender offer for 3.375% convertible senior notes

By Jennifer Chiou

New York, Sept. 16 - Eastman Kodak Co. announced that it intends to launch a cash tender offer for its $575 million of 3.375% convertible senior notes due 2033.

Kodak said it expects that it will begin the offer prior to the closing of the separately announced private placement of convertible senior notes announced on Wednesday.

The tender is conditioned on the successful completion of the company's sale of senior secured notes to an entity formed by one or more investment funds advised by Kohlberg Kravis Roberts & Co. LP or one of its subsidiaries.

The dealer manager for the tender offer will be Morgan Stanley & Co. Inc. The information agent will be Georgeson Inc., and the depositary will be the Bank of New York Mellon.

Kodak is a Rochester, N.Y.-based imaging products and services company.

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