A new $793 million financing deal may be the ticket out of bankruptcy for Eastman Kodak Co.  The deal still must be approved by the bankruptcy court and is contingent upon Kodak receiving a minimum of $500 million for a patent portfolio that it has for sale.

The financing will come in the form of new loans and dollar-for-dollar exchanges for existing debts under current notes.  Some lien holders have objected to Kodak continuing to have exclusive control of its bankruptcy process.  To read more about this evolving story see, “Kodak in financing deal to leave bankruptcy.”