Home | Business News | Browse by Publication | B | Business Wire

Getty Images Commences Registered Exchange Offer for Its Outstanding 0.5% Convertible Subordinated Debentures Due 2023.

Publication: Business Wire
Publication Date: 01-NOV-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
SEATTLE -- Getty Images, Inc. (NYSE:GYI) announced today that it has commenced an offer to exchange up to $265 million aggregate principal amount of its newly issued 0.5% Convertible Subordinated Debentures, Series B due 2023 (the "New Debentures") for an equal amount of its outstanding 0.5% Convertible Subordinated Debentures due 2023 (the "Outstanding Debentures").

Getty Images is offering to exchange $1,000 of principal amount of the New Debentures for each $1,000 of principal amount of the Outstanding Debentures. Among its features, the New Debentures are convertible into a combination of cash and Getty Images common stock subject to certain conditions, while the Outstanding Debentures are convertible solely into Getty Images common stock. Because the overall changes in the terms of the...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
Aethlon Medical to Sponsor and Present at International Biodefense Con..., November 01, 2004
American Eagle Manufacturing Company Begins Trading under New Symbol, ..., November 01, 2004
Barnes Group Inc. Appoints New Group Presidents., November 01, 2004
Xybernaut Strengthens Corporate Governance -- Aligns Board of Director..., November 01, 2004
Medsite Receives Annual Deloitte & Touche Fast 50 Award; Prestigious a..., November 01, 2004

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.