百年品牌柯达或停止运营？柯达公司澄清：没有停止运营、终止业务或申请破产保护的计划

Core Viewpoint - Kodak China issued a statement clarifying that media reports about the company potentially ceasing operations, terminating business, or filing for bankruptcy are inaccurate and reflect a fundamental misunderstanding of the technical disclosures in its recent SEC filing for Q2 [1][4]. Group 1: Company Operations - Kodak has no plans to cease operations, terminate business, or file for bankruptcy protection; instead, the company is confident in its ability to repay, extend, or refinance debts and preferred stock before or at maturity [4]. - The planned transactions expected to be completed by early next year will significantly strengthen Kodak's balance sheet, nearly achieving net debt elimination [4]. Group 2: Pension Plan and Assets - Kodak has been preparing to terminate its pension plan and expects to gain approximately $500 million in assets upon completion of the transaction by December 2025, including about $300 million in cash and $200 million in convertible investment assets [4][6]. Group 3: Debt Situation - Currently, Kodak has $477 million in loans and $100 million in issued preferred stock, with a requirement to use the anticipated $300 million cash from the pension plan transaction to repay loans [6]. - Kodak's operational cash usage was only $3 million in Q2 2025, primarily for growth investments, showing significant improvement compared to Q1, and the company does not plan to rely on pension plan transaction proceeds to fund operations [6].