Eastman Kodak has refuted media reports suggesting the company is shutting down due to financial difficulties.
Recent reports highlighted Kodak's financial challenges and concerns about meeting debt obligations.
Kodak issued a press release stating it has no plans to cease operations or file for bankruptcy.
The company plans to repay, extend, or refinance its debt and expects a stronger balance sheet next year.
Kodak intends to use $300 million from its pension plan termination to address a portion of its $477 million term debt.
Despite past financial struggles, including a 2012 bankruptcy, Kodak aims to navigate its current challenges.