Rochester, N.Y. - A positive development for Eastman Kodak's turnaround.
On Friday, a U.S. Bankruptcy Court judge signed off on a $830 million agreement that helps Kodak survive its bankruptcy proceedings.
The loan is contingent upon the photo giant selling its patent portfolio for at least $500-million. This loan is expected to help Kodak emerge from bankruptcy protection at some point in 2013 as the company has projected.
