Nachrichten Nov 15, 2016

Shearman & Sterling Advises Purchasers in Private Placement of $200 Million in Convertible Preferred Stock by Eastman Kodak

Shearman & Sterling represented the purchasers, funds managed by Southeastern Asset Management, Inc., in connection with the private placement of $200 million of newly created 5.50% Series A Convertible Preferred Stock by Eastman Kodak. The shares were sold to accredited investors in a private investment in public equity (PIPE) transaction with registration rights. 

The Shearman & Sterling team included partners Robert Evans III (New York-Capital Markets) and Michael Shulman (Washington, DC-Tax); counsel Kelly Karapetyan (New York-Antitrust); and associates Minsoo Kwon and Hillary Bailey (both New York-Capital Markets).