Eastman Kodak

The presses are good. The substrates are good. The software is good. And, as Cathy Cartolano, VP of sales and technical services at Mitsubishi Imaging (MPM), says, image quality is "scary close" to offset. So why doesn't continuous-feed inkjet dominate the market?

Commercial printing industry supplier company and personnel news from Printing Impressions’ July 2013 edition, featuring Kodak and Nimble Storage, Sterling Toggle, Finch Paper, Sun Cloud Consulting, Van Son Holland Ink, FFEI, GSG Financial, Durst, Wikoff Color, Twin Rivers Paper, Domtar Corp., Bell and Howell, GMC Software Technology, and MBO America.

The framework of a plan by Eastman Kodak to restructure as a commercial imaging business was approved by a bankruptcy judge on Tuesday, bringing the former photography company one step closer to exiting from Chapter 11 protection.

Judge Allan Gropper in U.S. Bankruptcy Court in Manhattan said he was "happy" to green-light the so-called disclosure statement, which creditors will use as a reference when they vote on the plan in the coming weeks.

Kodak also plans to implement a $406 million rights offering, selling 34 million shares, or 85 percent of the equity in the reorganized company. Proceeds would go to repay

Eastman Kodak has reached agreements with leading financial institutions J.P. Morgan, Bank of America Merrill Lynch, and Barclays to arrange new post-emergence credit facilities of up to $895 million. The financing package will enable Kodak, at emergence, to repay its secured creditors under the current senior and junior Debtor-in-Possession loan facilities, finance its exit from Chapter 11, and meet the company’s post-emergence working capital and liquidity needs.

The U.S. Bankruptcy Court for the Southern District of New York approved Kodak’s previously announced comprehensive settlement agreement with the U.K. Kodak Pension Plan (KPP), the company’s largest single creditor with respect to its Chapter 11 Plan of Reorganization. In approving the agreement, the Court described it as “a critical step forward in Kodak’s effort to consummate its Plan of Reorganization.”

The newest member of Kodak's Gold Reseller Network is Great Western Ink, based in Portland, OR. Gold Resellers carry Kodak’s full portfolio of solutions and services for prepress and packaging customers in regions all across the United States and Canada.

Eastman Kodak Co., the Rochester-based printing and imaging company, filed its April operating report on Thursday, and the numbers show a company that has slashed massive amounts from its monthly expenses and that is fairly regularly showing a gross profit.

For April, Kodak had revenue of $127.8 million—roughly in line with its results in January and February. March showed revenue of nearly $170 million, which the company did not explain in the filing.

Compared to April 2012, Kodak is a considerably slimmer company. Its U.S. operations in April 2013 spent $26.7 million on administrative, selling and general costs, vs. $34.9 million one

The agreement between Kodak and Nimble Storage, will allow Kodak to refer Nimble Storage products and services to Kodak customers who are moving their systems to a virtualized server environment. The agreement will initially launch as a pilot program in the United States with the opportunity to expand into other geographies.

ROCHESTER, NY—Eastman Kodak filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York on Tuesday.

Kodak has filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. The company expects the court to schedule a hearing in mid-June to determine the adequacy of the disclosures contained in the documents to provide creditors the ability to evaluate the company’s Plan of Reorganization.