Denying About Bankruptcy, Kodak Believes He Can Pay Off IDR 8.61 Trillion Debt In 2026

JAKARTA Kodak is a device that users are looking for a lot before a phone with camera support appears. Although not as popular as it used to be, the company denies allegations of bankruptcy.

Eastman Kodak was previously reported to be facing financial problems by CNN and CNBC. The company is known to warn its investors that it does not have a 'available commitment to financing or liquidity' to pay debt obligations.

Kodak is known to have a debt of 500 million US dollars or around Rp. 8.61 trillion. This condition raises concerns that the company will file for bankruptcy and stop its operations. However, Kodak denied these concerns.

Kodak stated that the reports circulating about the issue were inaccurate and misleading because they did not have an important context. Kodak also emphasized that they do not have a plan to go out of business.

"On the other hand, Kodak is confident that he will pay back, extend, or refinance his debt and preferencing shares on, or before, the due date," said Kodak, quoted on Friday, August 15.

After all transactions have been paid off, which is expected to happen next year, Kodak believes that they will have a stronger balance sheet. That way, Kodak will be able to survive for the next few years without having any debt.

Kodak said that the 'disclosure of business continuity' that became the basis of media reports was only a technical report that was required by accounting regulations. The company believes its position is much stronger than what the media describes.

Kodak is known to be discontinuing the pension program. After fulfilling all obligations to its participants, the company expects to receive assets of around $500 million by December.

Part of this fund, which is USD 300 million (IDR 4.8 trillion), will be used to pay off the company's futures debt. Kodak currently has a future debt of USD 477 million (IDR 7.7 trillion) and preferent shares worth USD 100 million (IDR 1.6 trillion).

Please note that Kodak is one of the oldest photography companies in the world. This company has been established since 1888 and has reached its peak of glory in the middle to the end of the 20th century. Kodak is now not as popular as it used to be, but is still circulating in the market.