Outbrain closed $637.5 million senior secured notes to repay debt related to Teads acquisition.

From GlobeNewswire: 2025-02-11 16:26:37

Outbrain Inc. (NASDAQ: OB) has successfully closed a private offering of $637.5 million in senior secured notes due 2030 at an issue price of 98.087%. The size of the offering was increased from $625 million, with proceeds used to repay debt related to the acquisition of Teads. Outbrain and Teads have combined under the new Teads brand, creating an omnichannel outcomes platform for marketers across premium media. The company leverages AI technology to drive full-funnel results for advertisers globally. The new Teads is headquartered in New York and has a global team of nearly 1,800 people in 36 countries.



Read more at GlobeNewswire: Outbrain Announces Closing of New Senior Secured Notes Due