Kodak Loan Approval
The dfc initially planned to award kodak the loan under the federal defense production act to help the rochester new york based company produce ingredients for a wide range of drugs in an effort.
Kodak loan approval. The company s government loan to manufacture drug ingredients is under investigation by the agency that approved the deal. New york cnn business kodak stock plunged 30 monday after a 765 million loan from the us government to help make drug ingredients was put on hold as regulators are reportedly looking into. Kodk data by ycharts news hit in late july that kodak had received approval for a 765 million loan from the u s.
Kodak is facing an inquiry from the united states international development finance corp the federal agency that planned to extend it a 765 million loan to manufacture drug ingredients the wall street journal reported monday. The letter of interest in the tweet refers to a 765 million loan kodak will use to start a new. Kodak s 765m loan deal under review.
Federal investigators have determined there was no wrongdoing in the procedure for approving a 765 million loan to the eastman kodak co. To jumpstart the production of covid 19 related drugs. Financial experts say that report shows there was no insider trading by kodak but the company leadership needs to do better.
International development finance corporation dfc. In july president donald trump announced the plans to loan 765 million to kodak once known for producing camera film in order to ramp up domestic manufacturing of drug ingredients under the.
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