BusinessPhoto: HT WorldGetty Images to Go Private with $533 Million Debt Restructuring
Getty Images has secured support from major creditors and investors for a debt restructuring plan that will reduce its debt and take the company private. The plan includes up to $533 million in fresh equity investments from Getty family affiliates and Koch Equity Development. Bondholders agreed to retire $270 million in unsecured bonds, while secured lenders accepted lower interest costs and extended repayment terms to ease borrowing expenses.
HT World·



