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Getty Images to launch $1.37 billion credit facility on Wednesday
By Sara Rosenberg
New York, Oct. 18 - Getty Images Inc. is scheduled to hold a bank meeting at 2 p.m. ET on Wednesday to launch its proposed $1.37 billion credit facility, according to a market source.
Barclays, JPMorgan, GE Capital, Bank of America and Goldman Sachs are the lead banks on the deal.
The facility consists of a $100 million revolver and a $1.27 billion term loan, the source said.
Proceeds will be used to refinance existing debt and fund a dividend payment.
Getty Images is a Seattle-based creator, aggregator and distributor of visual and multimedia content to creative and communication professionals.
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