On September 30, 2026, Teads Holding Co. entered into a four-year $125.0 million non-recourse accounts receivable financing facility. The Borrower SPVs will finance the acquisition of existing and future A/R from Teads subsidiaries through secured loans under a Credit and Security Agreement with Sound Point Agency LLC as administrative agent. Interest is charged at Term SOFR, EURIBOR, or SONIA plus 5.15%, subject to a 2.50% floor. The facility includes a 25% minimum utilization requirement and an unused commitment fee of 0.5%. Teads Holding Co. provided a performance guaranty for the Originators' obligations. Proceeds fund A/R purchase price portions and general corporate purposes. Teads Holding Co. operates in the digital advertising technology industry, providing video ad solutions.
