Southeastern Asset Management, Inc.’s $100 Million Acquisition of Eastman Kodak Company secured Convertible Notes due 2021.

Akin Gump Advises Special Committee of Eastman Kodak Board on the transaction

Eastman Kodak Company has entered into an agreement for the issue and sale of $100 million aggregate principal amount of its 5.00% Secured Convertible Notes due 2021 to funds managed by Southeastern Asset Management, Inc., an employee-owned, global investment management firm. Akin Gump advised the Special Committee of Kodak’s board in the transaction.

Kodak intends to use the net proceeds of the issuance and sale of the Convertible Notes to prepay in full its outstanding first lien term loans, and the remainder for general corporate purposes. To facilitate the Convertible Notes issuance, Kodak expects to enter into an amendment to its asset based revolving credit facility to permit the incurrence of the Convertible Notes.

Akin Gump corporate partner Daniel Fisher (Picture), co-head of the firm’s integrated special situations group, led the team.

Involved fees earner: Daniel Fisher – Akin Gump;

Law Firms: Akin Gump;

Clients: Eastman Kodak Co;