Getty Images repays $300 million of U.S. term loan borrowings

By Sara Rosenberg

New York, Aug. 24 – Getty Images Inc. voluntarily prepaid $300 million of its U.S. senior secured term loan on Tuesday, according to an 8-K filed with the Securities and Exchange Commission.

Following the repayment, the company has about $692.6 million outstanding under its U.S. term loan.

Funds for the paydown came from $25 million of balance sheet cash and $275 million of cash proceeds from the company’s recently completed business combination with CC Neuberger Principal Holdings II.

Getty Images is a Seattle-based visual content creator and marketplace.

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