> Kodak cautions there's 'substantial doubt' about its ability to stay in business
Kodak cautions there's 'substantial doubt' about its ability to stay in business
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The more than 130-year-old Eastman Kodak Co. is cautioning on its business operations, but says it is confident it will be able to work out upcoming debt obligations.
“Kodak has debt coming due within 12 months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms,” the company wrote in a regulatory filing. “These conditions raise substantial doubt about Kodak's ability to continue as a going concern.”
MORE: https://www.wthr.com/article/news/nation-world/kodak-cautions-debt/507-0f6253fc-3f30-4bd7-867a-5a3d1027703b