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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.

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