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Stock impact report

Getty Images Announces Proposed Offering of Senior Secured Notes due 2030 [Yahoo! Finance]

Shutterstock, Inc. (SSTK) 
Last shutterstock, inc. earnings: 4/28 07:02 am Check Earnings Report
US:NYSE Investor Relations: investor.shutterstock.com
Company Research Source: Yahoo! Finance
Images”) announced today that its indirect wholly owned subsidiary, Getty Images, Inc. (the “Issuer”), plans to offer, in a private offering, subject to market and other conditions, $628,400,000 aggregate principal amount of senior secured notes due 2030 (the “Notes”). The Notes will be senior secured obligations of the Issuer and will be jointly and severally guaranteed on a senior secured first lien basis by the same guarantors that provide guarantees for the Issuer's outstanding senior secured notes due 2030 and its secured credit facility. The offering is being made in connection with the previously announced proposed merger (the “Merger”) with Shutterstock, Inc. (“Shutterstock”), to create a premier visual content company. An amount equal to the gross proceeds will be deposited in an escrow account and will be secured by a first-priority security interest in the escrow account and all funds deposited therein. Upon release from escrow, Getty Images and the Issuer intend to use Show less Read more
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