secwatch.observer — SEC 8-K summary
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Issuer:     Getty Images Holdings, Inc. (GETY)
CIK:        0001898496
Form:       8-K
Filed at:   2026-10-26T11:00:25+00:00
Accession:  0001213900-26-112265
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898496/000121390026112265/0001213900-26-112265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898496/000121390026112265/ea0309581-8k_getty.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-112265

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