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Goldman Said Among Prodders of Carlyle’s Getty for Debt Swap

By Tony Seruga

Investors said to want exchange as condition for Getty funding
Investor group said to be advised by Akin Gump, Houlihan Lokey

Goldman Sachs Group Inc.’s investment arm is among the firms pushing Carlyle Group LP to agree to a debt exchange for its Getty Images Inc. as the photo archiver hunts for money, according to two people with knowledge of the matter.

As a condition for helping to fund up to $100 million in new capital for Getty, Goldman Sachs Asset Management wants to swap junior-ranked securities into more senior debt, said the people, who asked not to be named because the discussions are private. GSAM, which supervises nearly $1.2 trillion in assets, is part of an investor group represented by law firm Akin Gump Strauss Hauer & Feld LLP and by investment bank Houlihan Lokey Inc., the people said…

Goldman Said Among Prodders of Carlyle’s Getty for Debt Swap

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