Outbrain closes $637.5M 10% senior secured notes due 2030, upsized from $625M

Teads Holding Co.

Notes issued at 98.087% of par; 10% interest semi-annual; maturity Feb 15, 2030.
Proceeds used to repay bridge facility that financed Teads acquisition, plus fees.
Offering upsized from previously announced $625M to $637.5M.
Notes guaranteed by Outbrain and certain subsidiaries; secured by assets.
Interest payable Feb 15 and Aug 15, starting Aug 15, 2025.

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