Kodak says to exit bankruptcy as soon as July

April 30 Tue Apr 30, 2013 10:22pm EDT

April 30 (Reuters) - Eastman Kodak Co expects to emerge from bankruptcy as soon as July as a commercial imaging business.

It said in court documents that it expects to issue new stock to its second-lien note holders, who would control the reorganized Kodak. The company's current shares will be cancelled.

The company did not say how much it expects to pay its unsecured creditors, who are owed as much as $2.2 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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