Getty Images draws initial financing under KED-backed DIP agreement

Getty Images reported an October 23 debtor-in-possession credit agreement following interim court approval. It borrowed $85 million that day. The facility permits up to $143 million, comprising $85 million of Interim DIP Term Loans, $28 million of Final Term Loans subject to final court approval and other conditions, and $30 million of delayed-draw commitments subject to conditions. Exhibit 10.1 identifies KED Icon Holdings LLC as a lender. This funding update is distinct from the October 12 proposal and does not treat the entire ceiling as funded or the restructuring as completed.