jason_withers Posted August 20, 2018 Share Posted August 20, 2018 Kodak Announces Plans to Sell Its Flexographic Packaging Division “Following this transaction, Kodak’s improved capital structure will allow us to increase our focus on demonstrated growth engines, while continuing to invest in and provide solutions across the commercial printing, film, and advanced materials industries,” said Clarke. "Kodak also announced it had entered into a non-binding letter of intent for a $400 million, 18-month loan with an existing term loan lender which would refinance its existing term debt, which would permit the company to pursue the sale process of FPD in a thoughtful manner in order to achieve maximum value for shareholders. Net proceeds from the sale of FPD will first be used to repay this loan." Glad to see they are still focusing on film as well. Link to comment Share on other sites More sharing options...
JDMvW Posted August 20, 2018 Share Posted August 20, 2018 Like many others here, I suspect, I didn't know there was such a division, that Kodak owned it, or much of anything else. Flexography - Wikipedia I guess the last person to leave will shut the door. 1 Link to comment Share on other sites More sharing options...
Moving On Posted August 20, 2018 Share Posted August 20, 2018 Selling does not necessarily mean weakening. Link to comment Share on other sites More sharing options...
jason_withers Posted August 21, 2018 Author Share Posted August 21, 2018 Like many others here, I suspect, I didn't know there was such a division, that Kodak owned it, or much of anything else. Flexography - Wikipedia I guess the last person to leave will shut the door. Flexography is an interesting process, I had to look it up as well.... Link to comment Share on other sites More sharing options...
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