Eastman Kodak Company Announces Redemption
of its 3.375% Convertible Senior Notes
September 15, 2010 08:33 AM Eastern Daylight Time
ROCHESTER, N.Y.--(EON: Enhanced Online News)--Eastman Kodak Company (NYSE: EK) today announced
that it is calling for redemption all of its outstanding 3.375% Convertible Senior Notes due 2033, CUSIP Nos.
277451BE8 and 2774618X0 (the “Notes”). As of September 15, 2010, there are $11,245,000 aggregate principal
amount of Notes outstanding.
Pursuant to the terms of the Indenture dated January 1, 1988 (the “Indenture”) and the Fifth Supplemental Indenture
dated October 10, 2003 (the “Fifth Supplemental Indenture”) governing the Notes, the Notes will be redeemed on
October 15, 2010 (the “Redemption Date”) at a redemption price (the “Redemption Price”) of 100% of the
principal amount of the Notes to be redeemed, plus accrued interest to the Redemption Date. Interest on the Notes
called for redemption ceases to accrue on and after the Redemption Date.
The Bank of New York Mellon, as Trustee under the Indenture and the Fifth Supplemental Indenture, has sent a
notice of redemption to the Depository Trust Company, as depositary with respect to the Notes. Notes held in
book-entry form will be redeemed in accordance with the procedures of the Depository Trust Corporation.
The Fifth Supplemental Indenture also provides the holders of the Notes with a right to require Kodak to purchase
their Notes on certain dates, the first of which is the same date as the Redemption Date. The redemption described
above entitles the holders to receive the same price for their Notes, on the same date, as they would receive if they
exercised this put right, and Kodak intends to redeem the Notes on October 15, 2010 whether or not the holders
avail themselves of this put right.
The above-referenced CUSIP numbers are included solely for the convenience of the holders of the Notes. No
representation is made as to their correctness. This press release shall not constitute an offer to se