Getty Images Needed Debt ASAP, So JPMorgan Got Creative (1)

A multitude of obstacles stand in the way of Getty Images Holdings Inc. and its need for just over $1 billion of funds.

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 ...