- 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.
Drugmaker Sanofi’s Strong Dupixent And Beyfortus Vaccine Sales Propel Q1 Earnings
Sanofi reports Q1 operating income at 2.8 billion euros, down 14.7%. Beat consensus EPS at $0.97. Sales reach $11.36 billion, led by Dupixent's 24.9% surge. Vaccine sales up 5.6%. Expecting Dupixent to hit €13 billion in 2024 sales. Blockbuster ambitions for Beyfortus.
