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Photography Icon Since 1892, Kodak Could Soon Shutter
Kodak faces substantial doubt about its ability to continue amid $576 million in debt and preferred stock maturing in 2026, with no committed financing or liquidity available, filings show.
- On Aug. 11, 2025, Eastman Kodak Co warned investors that its filing raised substantial doubt about its ability to continue as a going concern.
- Kodak noted concerns about its survival due to debt obligations, including $477 million in term loans and $99 million in Series B Preferred Stock, with no committed financing or liquidity.
- Market data show Kodak shares slid to $5.04 Tuesday, after exchanging all Series C Preferred Stock for 15,103,163 shares of common stock on Aug. 8, 2025.
- Addressing concerns, Kodak said a Kodak spokesperson told CNN it expects to pay down much of its term loan early and plans to cease pension payments to generate cash.
- Historically, Kodak filed for bankruptcy in 2012, emerging with 100,000 creditors and $6.75 billion in debt, while continuing to manufacture films and license its brand.
24 Articles
24 Articles
Kodak Admits ‘Substantial Doubt’ Around Staying in Business
I don’t envy a single person who had to sit on the earnings call that Kodak held for its investors on Monday, August 11, when they had to hear that the company may go under because there’s “substantial doubt” that it can cover its debt payments. If this sounds like déjà vu, it’s because Kodak already declared Chapter 11 bankruptcy back in 2012. This kind of investor meeting probably isn’t the kind of nostalgia that Kodak was hoping for. Kodak Ha…
Kodak, the historical giant of photography, faces a serious financial crisis. In debt of 500 million dollars and in loss of speed, the company may not survive. Explanations.
A historical mark is at a step forward. Created at the end of the 19th century, Kodak, a pioneer in the area of photography, could soon disappear, writes Le Figaro.
The former U.S. director of film and cameras admits that he does not have "committed financing or available liquidity" to honour his future debt obligations, which amount to $500 million.
The 133-year-old Kodak was on the verge of bankruptcy after announcing that it did not have enough funds to pay off its $500 million debt.
Photography icon since 1892, Kodak could soon shutter
The iconic yellow and red photography company that’s become synonymous with disposable cameras could become a relic of the past after executives shared in a securities filing that their company cannot pay its upcoming debts. Executives are hopeful the business will pull through to adequately address its obligations. The future of Kodak, formally known as Eastman Kodak Co., is uncertain after Richard Michaels, chief accounting officer and corpora…
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