- 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.
Davos 2023: Speed Up Web3 Adoption With ‘Real Utility’ Focus, Removing Complexities
The World Economic Forum (WEF) recently held its 2023 annual meeting. Attendees convened to discuss tough issues to shape policy and improve the state of the world.
