Getty Images files prepackaged Chapter 11; $143M DIP; existing equity to be cancelled

Getty Images Holdings, Inc.

• Chapter 11 petitions filed Oct 21, 2026 in the U.S. Bankruptcy Court for the District of Delaware by Getty Images Holdings and six subsidiaries under a prepackaged plan.
• $143.0M DIP from Cantor Fitzgerald: $85.0M interim drawn Oct 23, $28.0M final term, $30.0M delayed draw; interest at SOFR+5.00% or base+4.00%, payable in kind.
• Under the Plan, all Class A common stock and other existing equity are cancelled with holders receiving no distribution or recovery; stock now quoted OTC under GETY.
• DIP matures earliest of Jan 31, 2027, plan effective date or a section 363 sale; 2.00% exit fee if the RSA is terminated; $15.0M minimum cash covenant.
• Proceeds fund Chapter 11 costs, DIP fees and working capital; interim/final term loans may be equitized into new common equity, delayed draw into preferred.