Getty Images files prepackaged Chapter 11; existing equity cancelled with no recovery

Getty Images Holdings, Inc.

• Getty Images Holdings and six subsidiaries filed voluntary Chapter 11 petitions in Delaware on Oct. 21, 2026 to implement a prepackaged plan backed by majority shareholders and funded-debt holders.
• Plan cancels all Class A common stock and other existing equity on the effective date; holders, including majority shareholders, receive no distribution or recovery.
• Chapter 11 filing accelerated about $40.1M USD term loans, €407M euro term loans and a $150M revolving credit facility; enforcement is stayed by the Bankruptcy Code.
• Accelerated notes: $539.9M of 11.250% senior secured notes due 2030, $264.7M of 14.000% senior notes due 2028 and $5.3M of 9.750% senior notes due 2027.
• Voting on the prepackaged plan runs to Nov. 30, 2026 at 5:00 p.m. ET; general unsecured claims are unimpaired and the company seeks approval of debtor-in-possession financing.