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Kodak Wins Approval for $844 Million Bankruptcy Financing

Eastman Kodak Co., the bankrupt photography pioneer, won court approval for $844 million in financing that it will use to complete its restructuring.

The financing from a group of noteholders was approved at a hearing today by U.S. Bankruptcy Judge Allan Gropper in Manhattan. It can be converted into $644 million of exit financing to fund Kodak’s emergence from court protection, according to court papers.