So Kodak would still produce the film in Rochester for the new entity. That's how it sounds.
Or, they might simply continue to produce film in Rochester until the MP contracts run out and by that time the new entity would have to have a coating facility up and running if they wish to make film. (Up and running might include buying out the existing facility.)

Once the contracts are finished, Eastman Kodak (US) could do with the coating facility as they pleased. I'd imagine Perez would just love to find a way to dump it.

So, we know there are Kodak coating facilities in the UK. It's likely that at one time not so long ago most if not all Kodak films were coated there for the UK and European markets. Maybe they can bring that capability back on-line. It's probably much smaller that the coating plant in Rochester.