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BRIEFLY

February 25, 1988

Eastman Kodak said it has secured a three-year loan of $5 billion from a group of international banks to help finance its acquisition of Sterling Drug Inc. The bridge loan comes from a syndicate of 23 international banks, with Bankers Trust Co. acting as agent for the interim financing. Rochester, N.Y.-based Kodak took Wall Street by surprise last month when it announced it was taking a bold expansion into the pharmaceutical world by rescuing Sterling from F. Hoffmann-La Roche, the Swiss-based pharmaceutical firm that was keen on acquiring Sterling. The cost of the takeover is $5.15 billion.

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