Originally published Wednesday, March 10, 2010 at 9:13 AM
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Eastman Kodak tender offer expires
Eastman Kodak Co. said Wednesday its tender offer to buy up to $200 million of its outstanding 7.25 percent senior notes due 2013 has expired.
The Associated Press
Eastman Kodak Co. said Wednesday its tender offer to buy up to $200 million of its outstanding 7.25 percent senior notes due 2013 has expired.
The company said about $220 million of the notes were tendered and not validly withdrawn, more than the maximum amount. As a result, Kodak said it accepted $200 million of the notes. The notes that were not accepted will be returned to their holders.
Holders who validly tendered the 2013 notes by Feb. 11 will receive $950.00 per $1,000 of the notes accepted. Holders who did so after this deadline will get $910.00 per $1,000 of notes accepted.
Shares of Eastman Kodak fell 4 cents to $5.96.
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