Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Blackstone Reports $34M Worth of Eastman Kodak Warrants

Eastman Kodak, Blackstone Holdings: In an amended 13D with the SEC a few minutes ago, Blackstone Holdings and the GSO-denominated group of funds disclosed ownership of 8.3 million shares of Eastman Kodak (OTC:EKDKQ), worth 21.3% of the company. That much we already knew, though, as the key purpose of this filing was to report that the group of funds holds “warrants to purchase an aggregate of (i) 1,126,170 shares of Common Stock at an exercise price of $14.93 per share and (ii) 1,126,170 shares of Common Stock at an exercise price of $16.12 per share,” according to the filing. The warrants expire on September 3, 2018, and amount to over $34 million worth.

kodak logo

Disclosure: none

Loading...