Business

Kodak reportedly seeks rescue financing

NEW YORK (TheStreet) — Eastman Kodak(EK_) has held talks with hedge funds about providing it with roughly $900 million in rescue financing as it tries to sell its patents, people familiar with the matter told The Wall Street Journal.

Kodak has held discussions since about mid-September with Cerberus Capital, Silver Point Capital, Centerbridge Partners and Highbridge Capital, the people told the newspaper.

The discussions are preliminary and might not lead to a deal. Kodak hasn’t yet negotiated details of the possible financing, one of the people said.

Full story: Kodak Reportedly Seeks Rescue Financing – TheStreet.