On October 18, 2005, Eastman Kodak Co. and Kodak GraphicCommunications Canada Co. entered into US$2.7 billion senior secured credit facilities with a syndicate of lenders including Citigroup Global Markets Inc. (lead arranger and bookrunner), Lloyds TSB Bank PLC (syndication agent) and Citicorp USA, Inc. (agent). The credit facilities are comprised of a five-year, $1 billion committed revolving credit line to be used for general corporate purposes (which replaced an existing $1.225 billion credit facility) and a $1.7 billion seven-year term loan. $1.2 billion of the proceeds from the term loan were drawn on closing to repay existing debt primarily arising from the acquisition of Creo Inc., which was completed on June 15, 2005.
Kodak was represented in-house in the US by Sharon Underberg, and Kodak's outside counsel Deborah McLean Quinn of Nixon Peabody LLP. In Canada, Kodak was represented in-house by David Wright, with assistance from Laurie Barrett and Joyce Bernasek (financial services) of Osler, Hoskin & Harcourt LLP, John Ferber of Miller Thomson LLP in British Columbia, and Charles Reagh of Stewart McKelvey Stirling Scales.
Citicorp USA was represented in the US by Susan Hobart and Mijha Butcher of Sherman & Sterling LLP, and in Canada by McCarthy Tétrault LLP's Stephen Furlan and Justin Lapedus (financial services – Toronto) and Jill Pereira (financial services – Vancouver).
Kodak was represented in-house in the US by Sharon Underberg, and Kodak's outside counsel Deborah McLean Quinn of Nixon Peabody LLP. In Canada, Kodak was represented in-house by David Wright, with assistance from Laurie Barrett and Joyce Bernasek (financial services) of Osler, Hoskin & Harcourt LLP, John Ferber of Miller Thomson LLP in British Columbia, and Charles Reagh of Stewart McKelvey Stirling Scales.
Citicorp USA was represented in the US by Susan Hobart and Mijha Butcher of Sherman & Sterling LLP, and in Canada by McCarthy Tétrault LLP's Stephen Furlan and Justin Lapedus (financial services – Toronto) and Jill Pereira (financial services – Vancouver).
