Getty Images plans new debt financing for buyout by Carlyle Group

By Sara Rosenberg

New York, Aug. 15 - Getty Images Inc. has received a commitment for new debt financing to help fund its acquisition by the Carlyle Group and management, according to a news release.

J.P. Morgan Securities LLC, Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and RBC Capital Markets LLC are the lead banks on the debt.

Under the agreement, Carlyle is buying Getty from Hellman & Friedman for $3.3 billion.

Other funds for the transaction will come from equity.

Closing is expected to take place this year.

Getty Images is a Seattle-based creator and distributor of still imagery, video and multimedia products.

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