Daily News: September 6, 2013

Simpson Thacher Represents GSO Capital as Lead Backstop for Kodak

Simpson Thacher represented affiliates of GSO Capital Partners as the lead backstop party and, together with the other backstop parties, provided a commitment of $406 million in connection with a rights offering, which was the crucial financing necessary to permit Kodak’s emergence from bankruptcy.

The rights offering was implemented through Kodak’s plan of reorganization, which had the support of all of its major creditor constituencies. Kodak emerged from bankruptcy on September 3, 2013.