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Kodak Co $765 Mln Loan To Launch Of Kodak Pharmaceuticals

NYSE:KODK   EASTMAN KODAK CO
BRIEF-DFC To Provide $765 Mln Loan To Eastman Kodak Co To Support Launch Of Kodak Pharmaceuticals
July 28 (Reuters) - U.S. International Development Finance Corporation:

* U.S. INTERNATIONAL DEVELOPMENT FINANCE CORPORATION - TO PROVIDE $765 MILLION LOAN TO EASTMAN KODAK CO TO SUPPORT LAUNCH OF KODAK PHARMACEUTICALS

* DFC - KODAK PHARMA TO MAKE CRITICAL PHARMACEUTICAL COMPONENTS IDENTIFIED AS ESSENTIAL BUT HAVE LAPSED INTO CHRONIC NATIONAL SHORTAGE, AS DEFINED BY FDA

* DFC - DFC’S LOAN TO ACCELERATE KODAK’S TIME TO MARKET BY SUPPORTING COSTS NEEDED TO REPURPOSE & EXPAND EXISTING FACILITIES IN NEW YORK & MINNESOTA
Sector: Electronic Technology
Industry: Electronic Equipment/Instruments
Employees: 4922
Eastman Kodak Co . engages in the provision of analog and digital innovations. It operates through the following segments: Print Systems; Enterprise Inkjet Systems; Kodak Software; Brand, Film and Imaging; Advanced Materials and 3D Printing Technology; Eastman Business Park, and All Other. The Print Systems segment comprises of prepress and electrophotographic printing Solutions. The Enterprise Inkjet Systems segment includes prosper and Versamark business. The Brand, Film and Imaging segment involves includes industrial film and chemicals, motion picture, and consumer products. The Advanced Materials and 3D Printing Technology segment offers kodak research laboratories and associated business opportunities and intellectual property licensing. The Eastman Business Park segment includes the operations of the Eastman Business Park, an acre technology center and industrial complex. The All other segment composes RED utilities variable interest entity. The company was founded by George Eastman in 1880 and is headquartered in Rochester, NY.

Comments

Why does 750m LOAN turn a 1.5b company into 12b? in 1 day? Aren't there stipulations to the loans? Their regular products are dated, these new products sound like a temporary thing, that won't profit, rather they took a loan to keep people employed and produce free meds?
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A lot of people like myself are planing on selling pre-market to protect gains after realization of CEO interview. He stated that this business model will take 3 to 5 years to even realize. Also this is a loan type so reduces value to business that is not yet running, for business like this new model a loan of $765 mill should produce 35-40% of product if buildings are already built, so best case scenario it gives a value of only 300 mill to product. I am glad I sold half at $50 mark but plan on protecting rest as I suspect it will maintain a value of $18 -$21 after it way over sales. Also CEO stated that this new business model might not even be needed by the time its running if Covid is no longer a scare as in most things we way over bought sale of early to protect profits and by at bottom confirmation again for best result. Be safe and happy trading.
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Wild move
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premium info. thank you for sharing!
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