Kodak Completes Pension Reversion Process, Delivering Over $1 Billion to Strengthen Balance Sheet, Fully Fund New Benefit Plan, and Accelerate Growth
Eastman Kodak Company Common New (KODK)
US:NYSE Investor Relations:
investor.kodak.com
Company Research
Source: Business Wire
Reduces Term Loan Balance to $200 Million and Substantially Lowers Interest PaymentsFulfills All Retirement Obligations to U.S. Pension Plan Participants ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak Company (NYSE: KODK) announced today that it has completed the reversion process for the $1.023 billion in excess pension assets held in the company-funded Kodak Retirement Income Plan (“KRIP”), the final step in the previously disclosed KRIP transition.Approximately $767 million of the excess assets reverted to the company, including $609 million in cash and non-cash assets valued at $158 million, significantly strengthening Kodak’s balance sheet and positioning it for future growth. Approximately $312 million of those cash proceeds have been used to pre-pay Kodak’s term loans, reducing the balance to $200 million. Kodak is now in a net-positive cash position, with a cash balance exceeding $300 million after accounting for the excise tax due on the reverted assets.All pension obliga
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News
- Eastman Kodak Stock Down 13% But Insiders Still In US$88k Profit [Yahoo! Finance]Yahoo! Finance
- Kodak Reports Third-Quarter 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
- Kodak Reports Third-Quarter 2025 Financial ResultsBusiness Wire
- Eastman Kodak Company Third-Quarter 2025 Earnings Conference CallBusiness Wire
- Eastman Kodak (NYSE:KODK) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
KODK
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 8-K
- 11/18/25 - Form 4
- KODK's page on the SEC website