Getty Images prices $628.4 million of 10.500% senior secured notes due 2030

* Getty Images (NYSE:GETY [https://seekingalpha.com/symbol/GETY]) announced on Monday the pricing of $628.4 million aggregate principal amount of 10.500% senior secured notes due 2030.
* The offering of the notes is expected to close on or around October 21, 2025.
* The offering of the Notes is being made in connection with Getty Images’ previously announced proposed merger of equals with Shutterstock, creating a premier visual company.
* The company said an amount equal to the gross proceeds from the sale of the notes will be deposited in an escrow account.
* Upon release from escrow, Getty Images intend to use the net proceeds from the offering of the notes to pay cash consideration to holders of Shutterstock common stock in connection with the merger, to refinance Shutterstock indebtedness, as well as associated fees and expenses.
* If the proposed merger with Shutterstock fails to close by October 6, 2026, or if the merger agreement is terminated, the notes will be subject to a special mandatory redemption. In this event, the notes will be repaid at 100% of their issue price, plus any accrued and unpaid interest up to the redemption date.
* GETY +3.63% after hours to $2.28.
* Source: Press Release [https://seekingalpha.com/pr/20256229-getty-images-prices-628_4-million-of-10_500-percent-senior-secured-notes-due-2030]

MORE ON GETTY IMAGES HOLDINGS

* Getty Images: Successful Merger Will Bring About Substantial Cost Savings And Valuation Upside [https://seekingalpha.com/article/4827145-getty-images-successful-merger-will-bring-about-substantial-cost-savings-valuation-upside]
* Getty Images announces proposed offering of $628.4M senior secured notes due 2030 [https://seekingalpha.com/news/4499803-getty-images-announces-proposed-offering-of-6284m-senior-secured-notes-due-2030]
* UK regulator begins probe into Shutterstock/Getty Images deal [https://seekingalpha.com/news/4488349-uk-regulator-begins-probe-into-shutterstock-getty-images-deal]
* Seeking Alpha’s Quant Rating on Getty Images Holdings [https://seekingalpha.com/symbol/GETY/ratings/quant-ratings]