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Getty Images withdraws $1.9 billion term loan B repricing from market
By Sara Rosenberg
New York, May 21 - Getty Images Inc. pulled the repricing of its $1,895,000,000 covenant-light term loan B due October 2019, according to a market source.
The repricing was talked at Libor plus 250 basis points to 275 bps with a 1% Libor floor, a par offer price and 101 soft call protection for six months.
Current pricing on the loan is Libor plus 350 bps with a 1.25% Libor floor.
Barclays, J.P. Morgan Securities LLC, Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and RBC Capital Markets LLC were the lead banks on the deal.
Getty Images is a Seattle-based creator and distributor of still imagery, video and multimedia products.
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