Getty Images Holdings, Inc. (NYSE: GETY) has announced the successful early results of its exchange offer and consent solicitation. The exchange offer involved the issuer's unsecured 9.750% senior notes due 2027 (the "old notes") being exchanged for newly issued unsecured 14.000% senior notes due 2028 (the "new notes"). The company also received the requisite consents to adopt proposed amendments to the terms of the old notes.
As of 5:00 p.m. on October 1, 2025, the principal amount of old notes validly tendered and not validly withdrawn in the exchange offer and the consent solicitation was $294,665,000, which represents 98.22% of the aggregate principal amount outstanding for the 9.750% senior notes due 2027.
Eligible holders that tendered their old notes and delivered consents at or before the early tender time and the withdrawal deadline will be entitled to receive the total consideration and accrued and unpaid interest from the last interest payment date to the settlement date of the exchange offer. The total consideration includes an early tender premium of $50 principal amount of new notes per $1,000 principal amount of old notes tendered.
Getty Images Holdings, Inc. expects to settle the exchange offer and issue the new notes on October 21, 2025.
These figures demonstrate a significant level of participation and support for the exchange offer and consent solicitation, as evidenced by the high percentage of old notes tendered and consents delivered at the early tender time. This suggests a favorable response from eligible holders to the proposed amendments and the terms of the exchange offer. Today the company's shares have moved -4.35% to a price of $2.20. If you want to know more, read the company's complete 8-K report here.
