Getty Images plans prepackaged Chapter 11 under deal with up to $533 million equity injection

Getty Images Holdings reached a restructuring deal that includes an expedited prepackaged Chapter 11 process for certain U.S. entities. Getty family affiliates, Koch Equity Development affiliates committed up to USD 533 million of new equity. Unsecured bondholders agreed to retire USD 270 million of outstanding senior unsecured notes, cutting debt. Secured lenders agreed to reduce interest obligations, extend maturities on secured debt; revolving credit facility lenders backed the plan. Plan targets completion by year-end; company expects no operational disruption, with vendor payments continuing in the ordinary course. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Getty Images Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-108700), on October