Kodak gets a step closer to exiting Planet Bankruptcy orbit

We have some good news for Kodak today! A bankruptcy judge has given the green light for a $800+ million dollar financing deal that will take Kodak a step closer to exiting bankruptcy proceedings! Most of that money will go into loans that will help them boost their rockets and escape the orbit of Planet Bankruptcy. The rest will go to pay for previous loans.

Press release of this new development at Bidness Wire. (via Arrington Crunch, via Miss Techmeme).