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Stock impact report

Getty Images Needed $1 Billion of Cash ASAP, So JPMorgan Got Creative [Yahoo! Finance]

Getty Images Holdings, Inc. Class A (GETY) 
Company Research Source: Yahoo! Finance
3 min read In This Article SSTK JPM (Bloomberg) -- A multitude of obstacles stand in the way of Getty Images Holdings Inc. and its need for just over $1 billion of funds. Most Read from Bloomberg State Farm Seeks Emergency California Rate Hike After Fires Transportation Memos Favor Places With Higher Birth and Marriage Rates Citadel to Leave Namesake Chicago Tower as Employees Relocate NYC's Newest Transit Leader Builds a Worker-Driven Strategy San Francisco Wants Wealthy Donors to Help Fix Fentanyl Crisis It's in the middle of a deal to acquire a rival, which means it can't give an accurate read of its financials to prospective bond investors. It's running down its debt facilities and faces a ratings downgrade further into junk unless it can replace them this month. And its business of visual content is under threat from artificial intelligence. Bankers at JPMorgan Chase & Co. came up with an unorthodox solution: selling loans to clients who normally buy junk Show less Read more
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