Core Viewpoint - Getty Images Holdings, Inc. is conducting an Exchange Offer to exchange its existing 9.750% Senior Notes due 2027 for newly issued 14.000% Senior Notes due 2028, along with a related Consent Solicitation for proposed amendments to the terms of the Old Notes [1][2]. Group 1: Exchange Offer Details - The Exchange Offer involves the exchange of $300 million of Old Notes, with $294.665 million validly tendered by the Early Tender Time, representing a participation rate of 98.22% [5]. - Eligible Holders must tender their Old Notes to deliver consents for the Proposed Amendments, and vice versa, ensuring that valid tenders also constitute consent delivery [4]. - The Total Consideration for validly tendered Old Notes includes $1,000 principal amount of New Notes, which consists of an Early Tender Premium of $50 per $1,000 principal amount of Old Notes [5][6]. Group 2: Timeline and Execution - The settlement date for the Exchange Offer and issuance of the New Notes is expected to occur on October 21, 2025 [6]. - The supplemental indenture containing the Proposed Amendments will become effective upon execution but will only operate if the Old Notes are accepted for exchange [3]. Group 3: Company Overview - Getty Images is a leading global visual content creator and marketplace, serving customers worldwide through its brands, including Getty Images, iStock, and Unsplash [14]. - The company collaborates with nearly 600,000 content creators and over 355 content partners, covering more than 160,000 events annually [14].

Core Viewpoint - INNOVATE Corp. has announced early participation results for its exchange offer of 8.5% Senior Secured Notes due 2026, allowing eligible holders to exchange for newly issued 10.5% Senior Secured Notes due 2027, with a significant participation rate of 99.41% [1][3]. Group 1: Exchange Offer Details - The exchange offer allows holders of the existing 8.5% Senior Secured Notes to exchange them for new 10.5% Senior Secured Notes, with the early participation deadline set for July 30, 2025 [1]. - A total of US$328,067,000 of the existing notes were tendered, representing 99.41% of the outstanding amount, meeting the minimum exchange condition of 98% [2][3]. - The early settlement of the exchange offer is expected to occur on August 4, 2025, pending satisfaction of all conditions [5]. Group 2: Terms of New Senior Secured Notes - The new notes will have a maturity date of February 1, 2027, and an interest rate of 10.5%, with the first payment delivered as additional exchange consideration [6]. - Holders of the existing notes will receive a total of US$1,072.50 in principal amount of new notes per US$1,000 of existing notes accepted for exchange, which includes an early exchange premium [9][10]. Group 3: Proposed Amendments and Conditions - Holders of the existing notes that participated in the exchange consented to amendments that eliminate most restrictive covenants and subordinate liens on collateral [7]. - The consummation of the exchange offer is conditioned on several concurrent transactions, which may be waived by the company with certain noteholder consent [11]. Group 4: Important Dates - The expiration deadline for the exchange offer is set for midnight on August 13, 2025, with final settlement expected on August 15, 2025 [8].