Getty Images Holdings Inc（GETY）资讯与事件GETYGetty Images Holdings Inc

Getty Images to Begin Prepackaged Chapter 11 Filing in Coming Weeks

Getty Images to commence prepackaged Chapter 11 filing process in 'coming weeks'

Getty Images Reaches $533M Restructuring Agreement

Getty Images Holdings has reached agreement with all of its major financial stakeholder groups on the terms of a comprehensive restructuring that includes a series of transactions to strengthen the Company's balance sheet and support its future growth. Under the Restructuring Support Agreement, members of the Getty Family, through certain of their affiliated entities, and affiliates of Koch Equity Development have committed to invest up to $533M of new equity, noteholders representing 83.5% of the Company's unsecured bonds have agreed to significantly reduce outstanding debt through the retirement of $270M of outstanding senior unsecured notes, and holders representing approximately 89% of the Company's secured bonds and term loans, and 100% of revolving credit facility lenders have agreed to reduce interest obligations and extend debt maturities on the Company's secured debt. The RSA is the culmination of collaborative discussions with key stakeholders across the Company's capital structure. Upon completion of the restructuring, Getty Images will become a privately held company, with the Equity Investors owning 100% of the reorganized Company upon emergence. To implement the transactions provided for in the RSA, the Company plans to solicit approval of the agreed-upon plan of reorganization, which implements its terms, in the coming days and subsequently commence a prepackaged Chapter 11 filing process in the coming weeks. The requisite majority of creditors have committed to vote in favor of the Plan. The filing will be limited to certain of the Company's U.S. entities. Getty Images intends to move through the process, which will address the Company's non-operating legal liabilities while maintaining its operational strength, on an expedited basis. The restructuring is expected to be completed by year end. Through the process, Getty Images will continue to operate in the normal course, supported by financing from KED of up to $143M to fund the restructuring, as well as cash generated from ongoing operations. Under the Plan, vendors will be unaffected and paid in full in the ordinary course of business. There is no anticipated impact on content contributors, partners, customers, or employees across the Company's worldwide network.

NYSE Decides to Delist Getty Images Class A Stock

The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock - ticker symbol GETY - of Getty Images Holdings, Inc. from the NYSE. Trading in the Company's Class A common stock will be suspended immediately. NYSE Regulation has determined that the Company's Class A common stock is no longer suitable for listing based on "abnormally low selling price" levels, pursuant to Section 802.01D of the Listed Company Manual. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.