ROCHESTER, NEW YORK—  Kodak announced that the Kodak Retirement Income Plan Trust, which holds the assets of the Kodak Retirement Income Plan, had already agreed a deal with Mastercard Foundation for the sale of certain illiquid assets and private equity interests with a net asset value of $764.4m, for a cash payment of $550.6m. Kodak could benefit from a whopping $585m, more than the current value of the entire company. The complex process could take between 12-18 months, and Kodak would be obligated to use all of the net cash from the so-called ‘reversion proceeds’ to prepay its term loans until the value of those loans is reduced to $300m, and then subsequently to use half of the reversion proceeds until the term loans are reduced to $200m.