Getty Images buyout financing bridge loan to launch on Monday

By Sara Rosenberg

New York, Sept. 7 - Getty Images Inc. will hold a call on Monday to launch a bridge loan that is being done in connection with its acquisition by the Carlyle Group and management from Hellman & Friedman for $3.3 billion, according to a market source.

The bridge loan backs a proposed bond offering.

Other funds for the transaction will come from a new credit facility and equity.

Details on sizes are not yet available, the source added.

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, with JPMorgan the left lead on the bridge loan and Barclays the left lead on the credit facility.

Closing on the buyout is targeted 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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