Getty Images Announces Successful Results of Early Participation in Exchange Offer and Consent Solicitation
Getty Images (NYSE: GETY) reported early results of its Exchange Offer and Consent Solicitation to swap outstanding 9.750% Senior Notes due 2027 for new 14.000% Senior Notes due 2028. As of 5:00 p.m. NY time on Oct 1, 2025, holders tendered $294,665,000, representing 98.22% of the $300,000,000 outstanding principal. The Issuer received the requisite consents and will execute a third supplemental indenture; the amendments become operative only if tendered Old Notes are accepted and paid. Total Consideration includes an Early Tender Premium of $50 per $1,000. Settlement and issuance of New Notes are expected on Oct 21, 2025. New Notes will be unregistered and offered only to QIBs and non-U.S. persons.
Getty Images (NYSE: GETY) ha riportato i risultati iniziali della sua Exchange Offer e della Consent Solicitation per scambiare le Senior Notes 9,750% in scadenza nel 2027 esistenti con nuove Senior Notes 14,000% in scadenza nel 2028. A partire dalle 17:00 ora di New York del 1 ottobre 2025, i detentori hanno consegnato $294,665,000, pari al 98,22% del principale in circolazione di $300,000,000. L'emittente ha ottenuto i necessari consensi e eseguirà un terzo atto integrativo; le modifiche diventano operative solo se i vecchi Note consegnati sono accettati e pagati. Il Controvalore Totale include una Early Tender Premium di $50 per ogni $1,000. Il regolamento e l'emissione delle Nuove Note sono previsti per 21 ottobre 2025. Le Nuove Note saranno non registrate e offerte solo a QIB e a soggetti non statunitensi.
Getty Images (NYSE: GETY) informó resultados preliminares de su Oferta de Intercambio y de su Solicitud de Consentimiento para canjear las Notas Senior 9,750% con vencimiento en 2027 existentes por nuevas Notas Senior 14,000% con vencimiento en 2028. A las 5:00 p.m. hora de Nueva York del 1 de octubre de 2025, los tenedores entregaron $294,665,000, representando el 98,22% del principal en circulación de $300,000,000. El Emisor recibió los consentimientos requeridos y ejecutará una tercera escritura suplementaria; las enmiendas entrarán en vigor solamente si las Notas Antiguas ofrecidas son aceptadas y pagadas. La Contraprestación Total incluye una Prima de Presentación Temprana de $50 por cada $1,000. Se espera la liquidación y emisión de las Nuevas Notas para el 21 de octubre de 2025. Las Nuevas Notas serán no registradas y se ofrecerán solo a QIBs y a personas no estadounidenses.
Getty Images (NYSE: GETY) 는 교환 제안 및 동의 청취의 예비 결과를 발표했고, 기존의 2027년 만기 9.750% 선순위 채권을 새로운 2028년 만기 14.000% 선순위 채권으로 교환합니다. 미 동부 시간 2025년 10월 1일 오후 5시 기준으로 채권자들은 $294,665,000를 제출했고 이는 미화 3억 달러의 98.22%에 해당합니다. 발행사는 필요한 동의를 얻었으며 제3차 보완 차약을 체결할 것이며, 개정은 제출된 구채권이 수락되고 지급될 때만 발효됩니다. 총 대가는 조기 매입 프리미엄으로 $1,000당 $50를 포함합니다. 신규 채권의 결제 및 발행은 2025년 10월 21일에 예정되어 있습니다. 신규 채권은 등록되지 않으며 QIB 및 미국 외의 자에게만 제공됩니다.
Getty Images (NYSE: GETY) a publié les résultats préliminaires de son Exchange Offer et de son Consent Solicitation pour échanger les Senior Notes 9,750% arrivant à échéance en 2027 en circulation contre de nouvelles Senior Notes 14,000% arrivant à échéance en 2028. Au 17h00, heure de New York, le 1 octobre 2025, les détenteurs ont offert $294,665,000, soit 98,22% du principal en circulation de 300 000 000 $.L'Émetteur a reçu les consentements requis et va exécuter une troisième indenture supplémentaire; les amendements ne prendront effet que si les Old Notes offertes sont acceptées et payées. La Contrepartie Totale inclut une Early Tender Premium de 50 $ par 1 000 $. Le règlement et l'émission des Nouvelles Obligations sont prévus pour le 21 octobre 2025. Les Nouvelles Obligations seront non enregistrées et offertes uniquement aux QIB et aux personnes non américaines.
Getty Images (NYSE: GETY) meldete vorläufige Ergebnisse ihres Exchange Offer und Consent Solicitation zum Austausch der ausstehenden 9,750% Senior Notes fällig 2027 gegen neue 14,000% Senior Notes fällig 2028. Zum 5:00 p.m. New Yorker Zeit am 1. Oktober 2025 boten Inhaber $294.665.000 an, was 98,22% des ausstehenden Nennbetrags von $300,000,000 entspricht. Der Emittent hat die erforderlichen Zustimmungen erhalten und wird eine dritte Zusatzverbriefung durchführen; die Änderungen treten nur in Kraft, wenn die Old Notes angenommen und bezahlt werden. Die Gesamtkompensation beinhaltet eine Early Tender Premium von $50 pro $1,000. Die Abwicklung und Emission der Neuen Anleihen ist für den 21. Oktober 2025 vorgesehen. Die Neuen Anleihen werden nicht registriert und nur an QIBs und Nicht-US-Personen angeboten.
Getty Images (NYSE: GETY) أَعلنت نتائجها الأولية لـExchange Offer وConsent Solicitation لتحويل سندات Senior Notes 9.750% المستحقة في 2027 القائمة إلى سندات جديدة Senior Notes 14.000% المستحقة في 2028. حتى الساعة 5:00 مساءً بتوقيت نيويورك في 1 أكتوبر 2025، قام الحاملو بتقديم $294,665,000، ما يمثل 98.22% من أصل الدين القابل للاسترداد البالغ $300,000,000. تلقى المصدر الموافقات اللازمة وسينفذ سنداً فرعياً ثالثاً؛ تُصبح التعديلات سارية فقط إذا تم قبول ودفع الأوراق القديمة المودعة. يتضمن الإجمالي المقابل علاوة الاستلام المبكر بقيمة $50 لكل $1,000. من المتوقع التسوية وإصدار الأوراق الجديدة في 21 أكتوبر 2025. ستكون الأوراق الجديدة غير مسجلة ومقدمة فقط لـ QIBs والأشخاص غير الأمريكيين.
Getty Images（NYSE: GETY） 已披露其 换股要约 和 同意征询 的初步结果，将在外流通的 2027 年到期的 9.750% Senior Notes 换成新的 2028 年到期的 14.000% Senior Notes。截至 美国东部时间 2025 年 10 月 1 日 17:00，持有人提交了 $294,665,000，相当于流通本金 $300,000,000 的 98.22%。发行人已获得必要的同意，将执行第三份补充契约；修改仅在提交的旧票据被接受并支付后才生效。总对价包含每千美元 $50 的 Early Tender Premium。结算和新票据发行预计于 2025 年 10 月 21 日进行。新票据将不注册，且仅向 QIBs 和美国以外的主体发售。
- Requisite consents received to adopt Proposed Amendments
- Early tenders equal 98.22% of Old Notes principal
- Maturity extended from 2027 to 2028
- Issuance includes $50 early tender premium per $1,000
- Coupon increases from 9.75% to 14.00%
- New Notes are unregistered, limiting U.S. resale liquidity
Insights
Getty Images achieved early acceptance of the exchange with 98.22% of its $300,000,000 2027 notes tendered.
The company received the Requisite Consents and will enter into a third supplemental indenture; tenders of $294,665,000 were valid at the early tender deadline.
This means holders largely agreed to swap existing 9.750% Senior Notes due 2027 for newly issued 14.000% Senior Notes due 2028, including an Early Tender Premium of $50 per $1,000 of old notes; accrued interest will be paid in cash.
Why it matters: the high early participation signals procedural success for the Exchange Offer and Consent Solicitation and enables the issuer to execute the supplemental indenture once settlement occurs on October 21, 2025. Monitor the settlement and the exact acceptance mechanics because effectiveness of the amendments depends on issuance and payment at settlement.
NEW YORK, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Getty Images Holdings, Inc. (NYSE: GETY) (“Getty Images”) announced today the early results of the previously announced offer by Getty Images, Inc. (the “Issuer”), an indirect wholly owned subsidiary of Getty Images, to exchange (the “Exchange Offer”) any and all of the Issuer’s issued and outstanding unsecured
Further, the Issuer announced today that the requisite consents (the “Requisite Consents”) to adopt the proposed amendments (the “Proposed Amendments”) described in the Offering Memorandum to the indenture governing the Old Notes (as supplemented by the first and second supplemental indentures thereto the “Old Notes Indenture”) have been received. As a result, the Issuer, Wilmington Trust, National Association, in its capacity as trustee under the Old Notes Indenture and each of the guarantors party thereto will promptly enter into a third supplemental indenture to the Old Notes Indenture containing the Proposed Amendments.
The supplemental indenture containing the Proposed Amendments will be effective upon execution by the parties thereto but will not become operative unless and until the Old Notes that are validly tendered (and not validly withdrawn) by Eligible Holders (as defined in the Offering Memorandum) have been accepted for exchange and paid for by the Issuer in accordance with the terms of the Exchange Offer and Consent Solicitation.
Eligible Holders of Old Notes may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Old Notes in the Exchange Offer, and may not tender Old Notes in the Exchange Offer without delivering consents to the Proposed Amendments in the Consent Solicitation. The consent results are based on valid tenders of Old Notes by Eligible Holders thereof, which are deemed also to constitute the delivery of consents in the Consent Solicitation made by the Issuer to adopt the Proposed Amendments.
According to Accuratus Tax and CA Services LLC, using the commercial names “Bondholder Communications Group” or “BondCom”, the information and exchange agent for the Exchange Offer and Consent Solicitation (the “Information and Exchange Agent”), as of 5:00 p.m., New York City time, on October 1, 2025 (the “Early Tender Time” and the “Withdrawal Deadline”), the principal amount of Old Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby deemed validly given and not validly revoked) in the Exchange Offer and the Consent Solicitation:
| Title of Series (Old Notes) | CUSIP / ISIN Nos. of Old Notes | Aggregate Principal Amount Outstanding | Old Notes Tendered and Consents Delivered at Early Tender Time | |
| Principal Amount | Percentage | |||
| 144A CUSIP: 374276AJ2 144A ISIN: US374276AJ21 Reg S CUSIP: U3742LAA5 Reg S ISIN: USU3742LAA53 | ||||
Eligible Holders that validly tendered (and did not validly withdraw) their Old Notes in the Exchange Offer, and validly delivered (and did not validly revoke) the related consents to the Proposed Amendments in the Consent Solicitation at or prior to the Early Tender Time and the Withdrawal Deadline, as applicable, and whose Old Notes are accepted for exchange by the Issuer, will be entitled to receive the Total Consideration (as defined in the Offering Memorandum) and accrued and unpaid interest from the last interest payment date to, but not including, the settlement date of the Exchange Offer, for their Old Notes that were validly tendered (and not validly withdrawn) in the Exchange Offer and accepted for exchange by the Issuer, subject to the terms and conditions contained in the Offering Memorandum. The Total Consideration consists of
Copies of the Offering Memorandum may be obtained from the Information and Exchange Agent by phone at +1 (212) 809-2663 or by e-mail at gettyimages@bondcom.com.
No Offer or Solicitation
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Notes. The Exchange Offer and Consent Solicitation is only being made pursuant to the Offering Memorandum. The Exchange Offer is not being made to holders of Old Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
No Registration
The New Notes will not be registered under the Securities Act, or any other applicable securities laws and, unless so registered, the New Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the New Notes are being offered and issued only (i) to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (ii) to non-“U.S. persons” who are outside the United States (as defined in Regulation S under the Securities Act).
Forward Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity, the entry into the third supplemental indenture and implementation of the Proposed Amendments, the settlement of the Exchange Offer and Consent Solicitation, the acceptance by the Issuer of validly tendered (and not validly withdrawn) Old Notes, the issuance of the New Notes and the payment of the Total Consideration and accrued and unpaid interest. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Getty Images and the Issuer and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Getty Images and the Issuer.
These forward-looking statements are subject to a number of risks and uncertainties, including: the risks and uncertainties associated with the Exchange Offer, the risk of termination of the Exchange Offer and any adverse effects on Getty Images and the Issuer of any such termination and other risks and uncertainties identified in “Item 1A. Risk Factors” of Getty Images’ most recently filed Annual Report on Form 10-K (the “2024 Form 10-K”). If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
These and other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release are more fully described under the heading “Item 1A Risk Factors” in the 2024 Form 10-K and in our other filings with the SEC. The risks described under the heading “Item 1A Risk Factors” in the 2024 Form 10-K and other filings with the SEC are not exhaustive. New risk factors emerge from time to time and it is not possible to predict all such risk factors, nor can Getty Images or the Issuer assess the impact of all such risk factors on their business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. All forward looking statements attributable to Getty Images or the Issuer or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements. Getty Images and the Issuer undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
In addition, the statements of belief and similar statements reflect the beliefs and opinions of Getty Images and the Issuer on the relevant subject. These statements are based upon information available to Getty Images and the Issuer, as applicable, as of the date of this press release, and while they believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and statements should not be read to indicate that Getty Images and the Issuer have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and you are cautioned not to unduly rely upon these statements.
About Getty Images
Getty Images (NYSE: GETY) is a preeminent global visual content creator and marketplace that offers a full range of content solutions to meet the needs of any customer around the globe, no matter their size. Through its Getty Images, iStock and Unsplash brands, websites and APIs, Getty Images serves customers in almost every country in the world and is the first-place people turn to discover, purchase and share powerful visual content from the world’s best photographers and videographers. Getty Images works with almost 600,000 content creators and more than 355 content partners to deliver this powerful and comprehensive content. Each year Getty Images covers more than 160,000 news, sport and entertainment events providing depth and breadth of coverage that is unmatched. Getty Images maintains one of the largest and best privately-owned photographic archives in the world with millions of images dating back to the beginning of photography.
Through its best-in-class creative library and Custom Content solutions, Getty Images helps customers elevate their creativity and entire end-to-end creative process to find the right visual for any need. With the adoption and distribution of generative AI technologies and tools trained on permissioned content that include indemnification and perpetual, worldwide usage rights, Getty Images and iStock customers can use text to image generation to ideate and create commercially safe compelling visuals, further expanding Getty Images capabilities to deliver exactly what customers are looking for.
For company news and announcements, visit our Newsroom.
Investor Contact Getty Images:
Steven Kanner
Investorrelations@gettyimages.com
Media Contact Getty Images:
Julia Holmes
Julia.Holmes@gettyimages.com
FAQ
What did Getty Images (GETY) announce on October 2, 2025 about its note exchange?
When will Getty Images (GETY) settle the Exchange Offer and issue the new notes?
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