Eastman Kodak Company announced today that it has completed a series of agreements that successfully monetizes its digital imaging patents. Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents.
A team from Akin Gump Strauss Hauer & Feld LLP represented the second lien noteholders in the transaction.
