Getty Images increases term loan B-1 amount to $350 million

By Sara Rosenberg

New York, March 21 - Getty Images Inc. upsized its term loan B-1 (Ba3/BB-) to $350 million from $275 million, according to a market source.

Pricing on the loan was left at Libor plus 375 basis points with no Libor floor and an original issue discount of 991/2.

Bank of America Merrill Lynch, GE Capital Markets, BMO Capital Markets Corp., RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the lead banks on the deal.

Proceeds will be used to fund a dividend.

Commitments were due on Wednesday.

Getty Images is a Seattle-based creator and distributor of visual content and other media.

© 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.