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17 December 2025
Kodak Boosted After Pension Deal
ROCHESTER, NEW YORK—
Kodak has more than $300m in the bank and plans to “accelerate growth” after completing its complex pension reversion process. The reversion process involved more than $1billion in surplus pension assets and was completed. Kodak’s market capitalisation was $448.97m when the plan was first announced in November 2024. At the time of writing it was $817.47m – an increase of 82%. Around $767m has reverted to Kodak via the process, including $609m in cash.
Kodak has pre-paid its term loans using $312m of that cash, leaving a loan balance of $200m. It previously had debts of around $500m that were going to fall due within 12 months. Kodak said its balance sheet had been “significantly strengthened” as a result. Kodak is now in a net-positive cash position with a cash balance exceeding $300m. Kodak its earnings report in August the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. “These conditions raise substantial doubt about the company’s ability to continue as a going concern,”
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Kodak's biggest market is the printing industry.
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Plates are a big part of Kodaks business and is the only North America manufacture.
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