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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 11, 2005
Eastman Kodak Company
(Exact name of registrant as specified in its charter)
New Jersey 1-87 16-0417150
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
343 State Street,
Rochester, New York 14650
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (585) 724-4000
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Securities
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 Other Events
On August 11, 2005, Eastman Kodak Company concluded negotiations on an
underwritten commitment for $2.7 billion of senior secured credit
facilities. These facilities will be comprised of a $1.0 to $1.2
billion five-year revolving credit facility to be used for general
corporate purposes, which will replace the Company's existing five-year
credit facility expiring in July 2006, and the remainder in term loans
to be used to repay existing company debt primarily arising out of the
acquisition of Creo, which was completed on June 15, 2005.
A copy of the August 15, 2005 press release related to these facilities
is attached as Exhibit (99.1).
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibit
(99.1) Eastman Kodak Company press release dated August 15, 2005
regarding completion of negotiations on an underwritten
commitment for $2.7 billion of senior secured credit facilities.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
EASTMAN KODAK COMPANY
By: /s/ Richard G. Brown, Jr.
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Richard G. Brown, Jr.
Controller
Date: August 15, 2005
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EASTMAN KODAK COMPANY
INDEX TO EXHIBITS
Exhibit No.
(99.1) Eastman Kodak Company press release dated August 15, 2005
regarding completion of negotiations on an underwritten
commitment for $2.7 billion of senior secured credit facilities.
Exhibit (99.1) EASTMAN KODAK COMPANY Kodak Increases Financial Flexibility with $2.7 Billion Underwritten Senior Secured Credit Facilities ROCHESTER, N.Y., August 15 - Eastman Kodak Company announced today that it has increased its financial flexibility by concluding negotiations on an underwritten commitment for $2.7 billion of senior secured credit facilities. These facilities will be comprised of a $1.0 to $1.2 billion five-year revolving credit facility to be used for general corporate purposes, which will replace the Company's existing five-year credit facility expiring in July 2006, and the remainder in term loans to be used to repay existing company debt primarily arising out of the acquisition of Creo, which was completed on June 15, 2005. The facilities are fully underwritten by Citigroup Global Markets Inc., who will also serve as the lead arranger for the syndication of these facilities. Kodak and Citigroup expect the syndication of these facilities to be completed over the next two months. Specific terms of the financing will be made available upon completion of the syndication. "We are pleased with the continued excellent support of Citigroup, our lead bank and underwriter on this transaction, and on the progress made to line up this important financing for the Company," said Robert H. Brust, Chief Financial Officer, Eastman Kodak Company. "This further strengthens Kodak's financial position in support of our digital growth strategy. Now that we have completed the major acquisitions necessary to fulfill our digital strategy, we have every intention of paying down debt and increasing our cash balance."