debt
confidence high
sentiment neutral
materiality 0.75
Getty Images prices $628.4M senior secured notes for Shutterstock merger; 98% of old 9.75% notes tendered
Getty Images Holdings, Inc.
- $294.665M (98.22%) of 9.750% Senior Notes due 2027 tendered; holders to receive 14.000% Senior Notes due 2028 plus accrued interest.
- Requisite consents received for indenture amendments; third supplemental indenture to be executed.
- $628.4M of 10.500% Senior Secured Notes due 2030 priced; proceeds escrowed for Shutterstock merger consideration and debt refinancing.
- Settlement expected Oct 21, 2025 for both the exchange offer and notes offering.