Getty Images plans to file for a prepackaged Chapter 11 restructuring in the coming weeks after securing support from major creditors and commitments for up to $533 million in new equity, according to Bloomberg.
The Seattle-based visual-content provider expects to complete the restructuring by year-end [1]. Getty family members and Koch Equity Development affiliates will provide the equity investment as part of the restructuring support agreement, according to the report [2][1].
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