Getty Images Holdings, Inc. has entered into a debtor-in-possession (DIP) credit agreement for a term loan facility of up to $143.0 million. This financing is intended to fund operations and costs associated with its Chapter 11 bankruptcy proceedings, which were filed on October 21, 2026, to implement a prepackaged plan of reorganization.
Key Details
- Financing Agreement: The company entered into the DIP Credit Agreement on October 23, 2026, which provides for a senior secured super-priority term loan facility.
- Facility Structure: The $143.0 million facility consists of $85.0 million in interim term loans (borrowed on October 23, 2026), $28.0 million in final term loans, and $30.0 million in delayed draw term loans.
- Bankruptcy Proceedings: The company and several subsidiaries filed voluntary Chapter 11 petitions on October 21, 2026, in the U.S. Bankruptcy Court for the District of Delaware.
- Impact on Equity Holders: The filing explicitly states that under the proposed reorganization plan, all existing Class A common stock and other equity interests will be cancelled, and holders will not receive or retain any distribution or recovery.