Getty Images Holdings, Inc.: files chapter 11 and secures $143,000,000 DIP

What happened

• The filing states that Getty Images Holdings, Inc. and certain subsidiaries filed voluntary petitions under chapter 11 in the United States Bankruptcy Court for the District of Delaware on Oct 21, 2026 to implement a prepackaged plan of reorganization.
• The filing states that on Oct 23, 2026 the company, as borrower, entered into a debtor-in-possession credit agreement with Cantor Fitzgerald Securities, as administrative agent and collateral agent, and the lenders party thereto, providing a senior secured super-priority debtor-in-possession term loan facility in an aggregate principal amount of up to $143,000,000.

Key details

• The DIP Facility consists of: $85,000,000 in interim term loans (Interim DIP Term Loans), $28,000,000 in final term loans (Final Term Loans) and $30,000,000 in delayed draw term loan commitments (Delayed Draw Term Loans).
• The company borrowed the $85,000,000 Interim DIP Term Loans on Oct 23, 2026; amounts repaid may not be reborrowed.
• Loans bear interest, at the company’s option, at Term SOFR plus 5.00% per annum or a base rate plus 4.00% per annum, payable in kind by adding accrued interest to principal; an exit fee of 2.00% may apply if the RSA is terminated prior to the plan effective date, subject to the Final DIP Order.
• Obligations under the DIP Facility are guaranteed by each of the other company parties and are secured by liens on substantially all assets, subject to certain priorities and exceptions; the DIP Credit Agreement requires maintaining at least $15,000,000 cash on hand and includes customary milestones, covenants and events of default.
• The DIP Facility matures on the earliest of: Jan 31, 2027; the plan effective date; consummation of a section 363 sale of substantially all assets; dismissal or conversion of the chapter 11 cases; or acceleration or termination under the DIP Credit Agreement.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the DIP Credit Agreement, Item 1.03 (bankruptcy or receivership) reporting the Oct 21, 2026 chapter 11 filings, and Item 2.03 (creation of a direct financial obligation) reporting the incurrence of the debtor-in-possession loans.
• The filing does not show why the insider traded or why the company acted.