Getty Images Holdings, Inc. has recently announced the successful refinancing of its existing term loans, which were set to mature on February 19, 2026. The company has amended its existing credit agreement to incur a new $580 million 5-year U.S. dollar term facility and a new €440 million 5-year euro term facility through a syndicate of lenders led by JPMorgan Chase Bank, N.A. The proceeds from these new facilities will be used to fully repay the existing term loans, while the $300 million senior unsecured notes due March 2027 remain outstanding.
Getty Images' CEO, Craig Peters, expressed confidence in the company's ability to provide top-quality visual content to its customers following the completion of the refinancing. Additionally, CFO Jenn Leyden highlighted the company's commitment to strategic growth and enhancing liquidity to capitalize on emerging opportunities while maximizing shareholder returns.
This refinancing initiative reflects Getty Images' strong financial foundation and commitment to providing the best visual content for its customers. It also positions the company with greater financial agility to pursue future growth opportunities. The market has reacted to these announcements by moving the company's shares -3.3% to a price of $2.33. For more information, read the company's full 8-K submission here.
