Getty Images to get $1.045 billion in debt financing for buyout by Hellman & Friedman

By Sara Rosenberg

New York, Feb. 27 - Getty Images Inc. revealed that the debt financing commitment for its buyout by Hellman & Friedman LLC totals $1.045 billion, according to an 8-K filed with the Securities and Exchange Commission late Tuesday.

Barclays Capital, GE Capital and RBS Securities are the lead banks on the deal.

Hellman & Friedman is purchasing the company for $34 per share in cash. The transaction is valued at $2.4 billion, including the assumption of existing debt.

Completion of the transaction is expected to occur in the second quarter, subject to shareholder approval and other customary closing conditions. The deal is not subject to a financing condition.

Getty Images is a Seattle-based creator and distributor of still imagery, footage and multi-media products, and a provider of other forms of digital content.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.