Eastman Kodak is pushing back against reports suggesting it’s on the verge of shutting down.
On Wednesday, outlets like CNN and CNBC highlighted the company’s mounting financial pressures, citing its own earnings report, which warned of insufficient liquidity to meet debt obligations due within 12 months.
In response, Kodak issued a press release stating it has “no plans to cease operations” or file for bankruptcy. The company says it will “repay, extend, or refinance” its debt ahead of deadlines and anticipates a stronger balance sheet by early 2026.
A key part of this plan involves using $300 million in cash expected in December 2025 from its pension plan termination to address most of its $477 million term debt. The remaining $177 million in debt and $100 million in preferred stock will be handled afterward.
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Despite reassurances, Kodak’s finances have long struggled as digital photography replaced film. The 133-year-old firm previously filed for bankruptcy in 2012. Recently, however, younger consumers have fueled a niche revival in vintage tech, boosting demand for compact cameras and film.
