Story perspectives
Getty Files Chapter 11, Secures $533M Equity Restructuring
By Drooid · · How we work
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Story summary
- Getty Images filed for Chapter 11 bankruptcy in Delaware to begin restructuring.
- The restructuring plan provides $533 million equity from Getty family members and Koch Equity Development.
- Koch also commits up to $143 million financing for the restructuring.
- Getty expects to emerge as a privately held company by year-end, pending approvals.
- The company will continue operating worldwide despite a $206.1 million 2025 loss and missed September 1 interest payment.