Imaging company Kodak has filed for Chapter 11 Bankruptcy protection. The news comes a little over a fortnight after the Wall Street Journal cites sources that said Kodak would file before the end of January. According to the filing, which was obtained by the folks over at the Verge, Kodak had $5.1 billion in assets and $6.75 billion in debt as of September 30th, 2011. The company today revealed that it has obtained a $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup and expects to complete restructuring by 2013. Kodak has also called in Lazard, FTI Consulting Inc.
2DayBlog.com, Kodak officially files for Chapter 11 bankruptcy protection
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