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City of Rochester PublicMarket to Begin HolidaySchedule
The Rochester Public Market, 280, N. Union St., will begin its annual holidayshopping schedule next week.In addion to its normal schedule, the Market will be open for pre-ThanksgivingDay shopping on Wednesday, Nov. 21 and the annual Holidays at the Marketevent spanning the rst three Sundays in December (Dec. 2, 9 and 16).The Market will be closed for the Thanksgiving (Nov. 22) and Christmas Day (Dec.25) and New Year’s Day (Jan. 1) holidays.The Market’s regular hours are Tuesdays and Thursdays from 6 a.m. to 1 p.m.and Saturdays from 5 a.m. to 3 p.m.The Market’s holiday schedule from Nov. 21 through Jan. 1 is as follows:
• Open Wednesday, Nov. 21; 6 a.m. to 1 p.m. (Pre-holiday special hours);• Closed Thursday, Nov. 22 (Thanksgiving Day);• Open Sunday, Dec. 2; 9 a.m. to 3 p.m. (Holidays at the Market);• Open Sunday, Dec. 9; 9 a.m. to 3 p.m. (Holidays at the Market);• Open Sunday, Dec. 16; 9 a.m. to 3 p.m. (Holidays at the Market);• Closed Tuesday, Dec. 25, (Christmas Day);• Closed Tuesday, Jan. 1 (New Years Day).
For more informaon, please contact the Market oce at (585) 428-6907 or visitwww.cityofrochester.gov/publicmarket.
ROCHESTER, N.Y., - Eastman Kodak Company announced today that it hasreceived and accepted an oer from the Steering Commiee of the SecondLien Noteholders Commiee for interim and exit nancing totaling $830 millionin loans. The commitment is superior to – and therefore replaces – the $793million commitment announced by the company on November 12.Company representaves say this nancing strengthens Kodak’s posion tosuccessfully execute its remaining reorganizaon objecves and emerge fromChapter 11 in the rst half of 2013.Each of the ten instuonal investors that comprise the Steering Commieeholds senior secured notes of the company. The improved nancing will be opento parcipaon by all other holders of the notes, including the investors thatextended the November 12 commitment.“As we connue to progress toward successful emergence, we remain focused ondoing what is best for the company’s creditors and other stakeholders, includingour customers, suppliers, and employees. We are pleased that these exisngcreditors have come forward with a new proposal that oers beer terms andenables Kodak to further accelerate its momentum to emergence in the rsthalf of 2013,” said Antonio M. Perez, Chairman and Chief Execuve Ocer. “Theimproved nancing commitment provides a longer maturity, lower fees andpricing, and greater liquidity than our previously announced commitment. Thisis a vote of condence in the future of our company. We are parcularly pleasedthat the nancing allows for parcipaon by all of our pre-peon second liennoteholders in a manner that is cost-eecve for the company.”The nancing includes new money term loans of $455 million, as well as termloans of up to $375 million issued to holders of senior secured notes parcipangin the new money loans in a dollar-for-dollar exchange for amounts outstandingunder the company’s pre-peon second lien notes.The nancing is predicated on certain condions, including the successfulcompleon of the sale of Kodak’s digital imaging patent porolio for no lessthan $500 million.The commitment leer also contains provisions allowing for a conversion of upto $630 million of the loans upon emergence into permanent exit nancing dueve years aer emergence, provided Kodak meets certain condions, includingthe consummaon of a Plan of Reorganizaon by September 30, 2013, theresoluon of the company’s U.K. pension obligaons, and the compleon of allor a poron of the sales of Kodak’s Document Imaging and Personalized Imagingbusinesses.The nancing is subject to compleon of denive nancing documentaon andBankruptcy Court approval at a hearing that will be scheduled in the near future.
Kodak Accepts‘Improved’ Financing