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Getty Images in talks with lenders on rescue financing – report
Investing.com — Getty Images Holdings Inc. is in confidential discussions with lenders about securing new financing for the struggling company, possibly through a debtor-in-possession loan, Bloomberg reported Monday.
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The talks also involve the possibility of lenders taking control of the photo archive and stock-image company through a bankruptcy process. The Getty family is considering contributing funds as part of the discussions, according to the report.
Getty Images has enlisted Guggenheim Securities as its investment bank and Simpson Thacher & Bartlett as legal counsel. Secured lenders have engaged Houlihan Lokey Inc. and Gibson Dunn & Crutcher, while a group of unsecured creditors has retained Akin Gump Strauss Hauer & Feld LLP, Bloomberg previously reported.
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