Getty Images amends revolver, extending tenor

By Sara Rosenberg

New York, March 19 - Getty Images Inc. amended its senior unsecured revolving credit facility, extending the maturity date for 90 days, with an option to extend an additional 90 days, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The amendment also provides for an increase in the size of the revolver by $150 million if requested by the company between June 3 and June 18.

The additional $150 million borrowing capacity may be used for general corporate purposes, including redemption or repayment of the company's $265 million 0.50% convertible subordinated debentures, series B due 2023, and working capital requirements.

The amendment was completed on March 14.

U.S. Bank is the administrative agent on the deal.

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.

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