Kodak said Friday it has closed its previously announced $848 million in financing with members of its banruptcy steering committee and other noteholders and is on track to file a reorganization plan by the end of April.

Kodak operates a high-speed printing press development plant in Kettering. The iconic company declared bankruptcy in January 2012.

Under the new financing, Kodak borrowed approximately $473 million and converted $375 million in notes into loans. Proceeds from the financing, together with proceeds from the sale of intellectual property, will be used to repay loans under Kodak’s existing debtor-in-possession credit agreement, make an adequate protection payment to holders of the senior secured notes, and pay for ongoing business activities, the company said.

“This is another important step toward our emergence as a profitable and sustainable commercial imaging company,” said Antonio M. Perez, chairman and chief executive officer. “We are now working to finalize our plan of reorganization and complete the remaining work required for us to emerge as a stronger company, focused on ongoing innovation to meet our customers’ needs.”

Under the financing agreement, Kodak is required to file its reorganization plan with the bankruptcy court by April 30, which it said it is on track to do. The financing also provides Kodak the opportunity to convert a portion of the facility into exit financing if certain conditions are satisfied.