Getty Images to defer Sept. 1 interest payments, taps 30-day grace period
GETY•Getty Images to use 30-day grace period on interest payments
Getty Images plans to use a 30-day grace period to defer interest payments due Sept. 1, 2026 on its Senior Unsecured Notes.
The deferral applies to Getty Images, Inc.’s 9.750% Senior Notes due 2027, plus 14.000% Senior Notes due 2028.
Management says it has enough cash to pay, retains the option to pay during the grace period.
The move is tied to a liquidity review with Guggenheim evaluating financing alternatives, including potential support from majority equity holders.
Using the grace period would not trigger an event of default under the indentures.
