Business & Finance
Getty’s Lenders Organize on Renewed Risk of ‘Unsustainable’ Debt
Key Points
Getty’s Lenders Organize on Renewed Risk of ‘Unsustainable’ Debt Lenders to Getty Images Holdings Inc. have started to organize after the debt-laden photo archive business scrapped a planned merger with Shutterstock Inc., according to people familiar with the matter. Creditors are in talks with advisers including law firm Gibson Dunn & Crutcher, the people said, asking not to be identified discussing private conversations. Last week, S&P Global Ratings said Getty’s costly debt obligations...
Getty’s Lenders Organize on Renewed Risk of ‘Unsustainable’ Debt
Lenders to Getty Images Holdings Inc. have started to organize after the debt-laden photo archive business scrapped a planned merger with Shutterstock Inc., according to people familiar with the matter.
Creditors are in talks with advisers including law firm Gibson Dunn & Crutcher, the people said, asking not to be identified discussing private conversations. Last week, S&P Global Ratings said Getty’s costly debt obligations could result in a “distressed debt restructuring or default.”
[Image text:] gettyimages