Core Viewpoint - Kodak faces severe financial difficulties due to a lack of promised financing or available liquidity to repay $500 million in debt, raising doubts about its ability to continue operations [1][3]. Financial Performance - Kodak's stock price plummeted over 25% on August 12, and further declined by 21% to $5.43 per share on August 13 [3]. - The company plans to stop pension payments to generate cash for debt repayment and expresses confidence in repaying a significant portion of the debt before maturity [3]. Company History and Context - Founded in 1892, Kodak once dominated the film camera market, holding 90% of the U.S. film market and 85% of the camera market in the 1970s, but has struggled since the rise of digital cameras [4]. - Kodak filed for bankruptcy reorganization in 2012 and returned to the New York Stock Exchange in September 2013, diversifying into commercial printing, packaging, and film production [4]. - The company received a $765 million loan from the U.S. government in 2020 to enter the non-patent drug raw materials manufacturing sector [4]. - There is speculation among investors about whether Kodak can navigate this debt crisis or if it is nearing the end of its operational history [4].
5亿美元债务压顶 百年柯达担心撑不住
Xin Hua She·2025-08-14 08:53