- Getty Images Holdings Inc (NYSE:GETY) said it had set aside an additional $25 million of balance sheet cash for the previously announced $275 million of deal proceeds towards debt repayment.
- The Company’s subsidiary, Getty Images Inc, made a voluntary prepayment of $300 million of its senior secured term loan.
- Following the voluntary prepayment, the Company has approximately $692.6 million outstanding under its USD Term Loan, and $438.9 million outstanding under its EUR Term Loan converted using the currency exchange rate as of June 30, 2022.
- Getty Images merged with a publicly traded special purpose acquisition company, CC Neuberger Principal Holdings, and started trading on the New York Stock Exchange on July 25, 2022.
- The Company held $213.8 million in cash and equivalents as of June 30, 2022.
- Price Action: GETY shares are trading higher by 7.27% at $29.53 on the last check Wednesday.
Georgia Tech And GlobalFoundries To Collaborate On Joint Semiconductor Research And Workforce Development
Georgia Institute of Technology, one of the top public research universities in the U.S., and GlobalFoundries (NASDAQ:GFS) (GF), one of the world's leading semiconductor manufacturers, today announced a new
