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Getty Images plans to file for Chapter 11 bankruptcy protection

Zero Hedge +4 ·

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  1. 1Getty Images plans to file for a prepackaged Chapter 11 restructuring within weeks.
  2. 2Getty has secured up to $533 million in new capital investment.
  3. 3Creditors holding 83.5% of Getty's unsecured debt have agreed to retire $270 million in agreed-upon senior unsecured debt.

So what's the key point?

Getty Images plans to file for a prepackaged Chapter 11 restructuring within a few weeks.

Source Zero Hedge +4 · View original ↗

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