Getty Images greenshoe exercised

New York, June 9 - Getty Images, Inc. said it completed the sale of $265 million of 0.5% convertible subordinated debentures due 2023 - the original $240 million amount plus the $25 million greenshoe.

The Seattle company originally sold $240 million of the convertibles after the close on June 3 to yield 0.5% with a 60.06% initial conversion premium.

Joint lead managers for the Rule 144A deal were Deutsche Bank Securities and Goldman Sachs & Co.

Proceeds will be used to redeem its 5% convertible subordinated notes due 2007.

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