Teads Holding enters four-year $125.0 million non-recourse accounts receivable financing facility

Teads Holding Co.

Teads Holding Co. (TEAD) and OT Midco Inc. closed a $125.0 million A/R facility on September 30, 2026, scheduled to mature September 30, 2030.
Pricing is three-month Term SOFR, EURIBOR or SONIA with a 2.50% floor plus 5.15% per annum; 25.0% minimum utilization and 0.5% unused commitment fee apply.
Teads Holding issued a Performance Guaranty covering the Originators' obligations under the U.S., U.K., French and Italian purchase and sale agreements.
Facility can terminate early if more than $35.0 million of the borrower's senior secured notes due 2030 remain outstanding 90 days before their maturity.
Proceeds fund the purchase price of receivables from subsidiaries Teads, Inc., Outbrain UK Limited, Teads France SAS and Teads Italia S.r.l.; Sound Point Agency LLC is administrative agent.

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