Getty Images Holdings, Inc. (“Getty Images”) (NYSE: GETY), a
preeminent global visual content creator and marketplace, today
announced the closing of an amended, extended and upsized $150
million, 5-year revolving credit facility through a syndicate of
banks led by JP Morgan Chase Bank, N.A., with Getty Images, Inc.
and Abe Investment Holdings, Inc., each a Getty Images’ subsidiary,
as borrowers. On May 4, 2023, the parties entered into the
amendment to the existing $80 million revolving credit facility,
which was set to mature on February 19, 2024.
“We are very pleased with our new upsized facility as it
provides us with improved access to liquidity and greater operating
flexibility,” said Jennifer Leyden, Chief Financial Officer at
Getty Images. “Our ability to nearly double the size of the prior
facility and broaden our banking partnerships is a testament to the
underlying confidence in our business model, our history of
delivering strong financial performance, the opportunities that lie
ahead and our proven track record of execution.”
In addition to JP Morgan Chase Bank, N.A., which
acted as a Lead Arranger and as Administrative Agent, the banking
group under the amended and extended revolving credit facility
includes Bank of America, Citigroup, Goldman Sachs, U.S. Bank,
Credit Suisse, and Northern Trust.
Forward Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
the use of the words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “project,” “forecast,” “predict,” “potential,” “seem,”
“seek,” “future,”, “outlook,” “opportunity,” “upside,” “target”, or
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity. These
statements are based on various assumptions and on the current
expectations of the Company’s management and are not predictions of
actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as,
and must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of the Company.
These forward-looking statements are subject to a number of
risks and uncertainties, including: our inability to continue to
license third-party content and offer relevant quality and
diversity of content to satisfy customer needs; our ability to
attract new customers and retain and motivate an increase in
spending by our existing customers; the user experience of our
customers on our websites; the extent to which we are able to
maintain and expand the breadth and quality of our content library
through content licensed from third-party suppliers, content
acquisitions and imagery captured by our staff of in-house
photographers; the mix of and basis upon which we license our
content, including the price-points at, and the license models and
purchase options through, which we license our content; the risk
that we operate in a highly competitive market; the risk that we
are unable to successfully execute our business strategy or
effectively manage costs; our inability to effectively manage our
growth; our inability to maintain an effective system of internal
controls and financial reporting; the risk that we may lose the
right to use “Getty Images” trademarks; our inability to evaluate
our future prospects and challenges due to evolving markets and
customers’ industries; the legal, social and ethical issues
relating to the use of new and evolving technologies, such as
Artificial Intelligence; the risk that our operations in and
continued expansion into international markets bring additional
business, political, regulatory, operational, financial and
economic risks; our inability to adequately adapt our technology
systems to ingest and deliver sufficient new content; the risk of
technological interruptions or cybersecurity vulnerabilities; the
inability to expand our operations into new products, services and
technologies and to increase customer and supplier awareness of new
and emerging products and services; the loss of and inability to
attract and retain key personnel that could negatively impact our
business growth; the inability to protect the proprietary
information of customers and networks against security breaches and
protect and enforce intellectual property rights; our reliance on
third parties; the risks related to our use of independent
contractors; the risk that an increase in government regulation of
the industries and markets in which we operate could negatively
impact our business; the impact of worldwide and regional
political, military or economic conditions, including declines in
foreign currencies in relation to the value of the U.S. dollar,
hyperinflation, higher interest rates, devaluation and significant
political or civil disturbances in international markets where we
conduct business; the risk that claims, lawsuits and other
proceedings that have been, or may be, instituted against us or our
predecessors could adversely affect our business; the inability to
maintain the listing of our Class A Common Stock on the NYSE;
volatility in our stock price and in the liquidity of the trading
market for our Class A Common Stock; the risk that the COVID-19
pandemic and efforts to reduce its spread impacts our business,
financial condition, cash flows and operation results more
significantly than currently expected; changes in applicable laws
or regulations; the risks associated with evolving corporate
governance and public disclosure requirements; the risk of greater
than anticipated tax liabilities; the risks associated with the
storage and use of personally identifiable information;
earnings-related risks such as those associated with late payments,
goodwill or other intangible assets; our ability to obtain
additional capital on commercially reasonable terms; the risks
associated with being an “emerging growth company” within the
meaning of the Securities Act; risks associated with our
reliance on information technology in critical areas of our
operations; our inability to pay dividends for the
foreseeable future; the risks associated with additional issuances
of Class A Common Stock without stockholder approval; costs related
to operating as a public company; and other risks and uncertainties
identified in “Item 1A. Risk Factors” of our 2022 10-K and in our
subsequent filings with the SEC.
If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. These and other
factors that could cause actual results to differ from those
implied by forward-looking statements of the Company are more fully
described under the heading “Item 1A. Risk Factors” in our 2022
10-K and in our subsequent filings with the SEC. The foregoing
risks are not exhaustive. New risk factors emerge from time to time
and it is not possible to predict all such risk factors, nor can we
assess the impact of all such risk factors on our business or the
extent to which any factor or combination of factors may cause
actual results to differ materially from those contained in any
forward-looking statements. All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by the foregoing cautionary statements.
We undertake no obligations to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
In addition, the statements of belief and similar statements
reflect our beliefs and opinions on the relevant subject. These
statements are based upon information available to us, as
applicable, as of the date of this report, and while we believe
such information forms a reasonable basis for such statements, such
information may be limited or incomplete, and statements should not
be read to indicate that we have conducted an exhaustive inquiry
into, or review of, all potentially available relevant information.
These statements are inherently uncertain and you are cautioned not
to unduly rely upon these statements.
About Getty Images:
Getty Images (NYSE: GETY) is a preeminent global visual content
creator and marketplace that offers a full range of content
solutions to meet the needs of any customer around the globe, no
matter their size. Through its Getty Images, iStock and Unsplash
brands, websites and APIs, Getty Images serves customers in almost
every country in the world and is the first-place people turn to
discover, purchase and share powerful visual content from the
world’s best photographers and videographers. Getty Images works
with over 516,000 contributors and more than 310 content partners
to deliver this powerful and comprehensive content. Each year Getty
Images covers more than 160,000 news, sport and entertainment
events providing depth and breadth of coverage that is unmatched.
Getty Images maintains one of the largest and best privately-owned
photographic archives in the world with millions of images dating
back to the beginning of photography.
For company news and announcements, visit our Newsroom.
Investor Contact:Getty ImagesSteven
KannerInvestorrelations@gettyimages.com
Media Contact: Getty ImagesAnne Flanagan
Anne.flanagan@gettyimages.com
Getty Images (NYSE:GETY)
過去 株価チャート
から 4 2024 まで 5 2024
Getty Images (NYSE:GETY)
過去 株価チャート
から 5 2023 まで 5 2024