By Becky Yerak
Carestream Health Inc., a bankrupt X-ray imaging products supplier, received court approval for an $80 million loan from a group of roughly 10 existing lenders that include Blackstone Inc., Brigade Capital Management LP, Cion Investment Corp. and Marathon Asset Management.
Judge Kate Stickles in the U.S. Bankruptcy Court in Wilmington, Del., gave interim approval Wednesday for $50 million of the financing, which is intended to help the company get through chapter 11 proceedings that began Tuesday.
Entering bankruptcy with a prearranged reorganization, the company hopes to get its plan approved by the end of September.
Carestream, based in Rochester, N.Y., was once part of Eastman Kodak Co.
Write to Becky Yerak at becky.yerak@wsj.com
(END) Dow Jones Newswires
08-24-22 1645ET
