Eastman Kodak Co. (fka EKDKQ)

[justabroker_2000]

Kodak forecast its cash flow for the next 13 weeks in the presentation, saying it would have an ending operating cash balance of $336.3 million for the week ended April 6.

The company tried to sell a portfolio of more than 1,100 digital-imaging patents and pursued royalties to fund a shift to modern commercial and consumer digital printers.

The loan agreement for the Chapter 11 case requires filing a motion with the bankruptcy court by June 30 seeking approval of bidding procedures for the sale. The lenders must be given a draft reorganization plan by Jan. 15, 2013. The plan and disclosure statement must be filed by Feb. 15, 2013.

A group of noteholders objected to the financing request, saying in court papers there should be “significant restrictions” on Kodak’s ability to borrow and spend. Kodak initially sought approval to borrow as much as $700 million on an interim basis, according to court papers. It then agreed to reduce the amount.

To contact the reporter on this story: Kristen Haunss in New York at [e-mail]

To contact the editor responsible for this story: Faris Khan at [e-mail]