From Dealroom · · 40s
Getty Images to go private
Getty Images secures $533M private deal with Getty family and Koch unit.
In brief
Getty Images secures $533M private deal with Getty family and Koch unit. Getty Images becomes privately held after $533 million equity investment from Getty family and Koch Equity Development. Originally reported by Dealroom.
New equity commitment
Getty Images secured up to $533 million in new equity from Getty family and Koch Equity Development for a comprehensive restructuring.
Restructuring details
The deal includes retiring $270 million of senior unsecured notes and extending interest obligations for secured lenders.
Next steps
Getty Images will file a prepackaged Chapter 11 process within weeks to become privately held after court approval.
At a glance
Getty Images becomes privately held after $533 million equity investment from Getty family and Koch Equity Development.
