Getty Images to Go Private After Restructuring Deal

3-line summary

• Getty Images reached a balance-sheet restructuring agreement with key stakeholders that includes new equity funding and debt reduction, and will become a privately held company once the deal closes, according to Reuters.
• The agreement follows reports in late September that Getty Images was in talks with lenders on rescue financing. Terms on the size of the debt reduction were not disclosed. Shares fell more than 6% on the announcement.

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