Getty investors put $265 million of 0.5% convertibles due 2023

By Susanna Moon

Chicago, June 11 - Getty Images, Inc. said holders chose to put $265 million of its 0.5% convertible subordinated debentures, series B, due 2023.

The amount represents 99% of the convertibles, and $3.6 million of the bonds remains outstanding, according to an 8-K filing with the Securities and Exchange Commission.

The company said it bought the convertibles on June 9 at par plus accrued interest. The payment date was June 10.

To fund the put, the company drew $265 million from its senior unsecured revolving credit facility on June 10.

Getty Images is a Seattle-based creator and distributor of still imagery, footage and multi-media products, and a provider of other forms of digital content.

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