Akin Gump Strauss Hauer & Feld LLP represented second lien noteholders of Eastman Kodak in the negotiation of an amended and restated commitment letter for $830 million in supplemental junior DIP financing. The firm also advised the noteholders on the offering to subscribe to fund their pro rata share of the new money loans under the DIP financing and exchange a pro rata amount of their pre-petition second lien notes for junior loans under the DIP financing facility.
The Akin Gump team was led by financial restructuring partners Michael S. Stamer and James Savin and corporate partners Stephen B. Kuhn and Frederick Lee.
In December, Akin Gump announced it represented the second lien noteholders in the $525 million sale of Kodak’s digital imaging patents. To read that announcement, please click here.
