Koch Equity Development

Money Moves

Lending Getty up to $143 million through a debtor-in-possession facility, $85 million of which was drawn October 23; the loan converts to stock when Getty leaves bankruptcy, and Koch joins the Getty family in a $533 million equity commitment.

Getty Images filed for Chapter 11 bankruptcy in Delaware on October 21, after its $3.7 billion merger with Shutterstock collapsed under UK antitrust pressure. The stock-photo company carries about $2.1 billion in debt.

Updated 13 hours ago