09:14 AM EDT, 09/29/2025 (MT Newswires) -- Getty Images Holdings ( GETY ) said Monday that its indirect unit Getty Images Inc. plans a private offering of $628.4 million of senior secured notes due 2030.

The company said an escrow account will hold an amount equal to the gross proceeds.

Upon release from escrow, Getty Images ( GETY ) and the unit plan to use the net proceeds to pay $350 million of fees, expenses and cash consideration payable to Shutterstock ( SSTK ) common stockholders in connection with the pending merger of the companies, Getty Images ( GETY ) said.

The remaining proceeds will be used to refinance certain Shutterstock ( SSTK ) debts and pay offering-related fees and expenses, Getty Images ( GETY ) said.