Eastman Kodak: Slides on $500 million mixed shelf offering

Eastman Kodak

16/03/2021 21:59

** Shares of photography equipment maker  KODK.N  down 7.7%
at $8.75 after the bell
    ** KODK files for mixed shelf offering of up to $500
million, according to a regulatory filing  urn:newsml:reuters.com:*:nFWN2LE0J2
    ** KODK expects to use proceeds from the sale of the
securities for general corporate purposes, which may include
repayment of debt and acquisitions
    ** Eastman Kodak also files prospectus related to offer and
sale of up to 44.5 million shares that selling shareholders may
offer and sell  urn:newsml:reuters.com:*:nFWN2LE0Q5
    ** KODK also posts a loss of $541 million for the 12 months
ended Dec. 31, compared with a profit of $116 million a year
before  urn:newsml:reuters.com:*:nASA01W71
    ** Shares up over 7% so far this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com))