Getty Images Faces Liquidity Strain After $67.8M Warrant Judgment
A July 27 warrant judgment adds a $67.8 million obligation, subject to appeal, with prejudgment interest still accruing. Getty Images says liquidity has been adversely affected by ongoing warrant litigation after paying $110.9 million, leaving $51.6 million cash and $30.0 million availability under its revolver. The company also redeemed its 10.500% senior secured notes and reported a Q2 net loss.