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entered into a four-year, $125.0 million non-recourse accounts receivable financing facility on September 30, 2026.
The agreement involves Teads Holding Co., OT Midco Inc., and certain subsidiaries, with proceeds designated to fund a portion of the purchase price for receivables acquired from the company's subsidiaries and for general corporate purposes.
The financing structure relies on a network of special purpose vehicles to isolate the assets from the parent company's other liabilities. acts as the master servicer, while FF Cayman AR Ltd.
These entities purchase or accept capital contributions of existing and future accounts receivable from originators including Teads, Inc., Outbrain UK Limited, Teads Limited, Teads France SAS, and Teads Italia S.r.l.
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