Outbrain Announces Closing of New Senior Secured Notes Due 2030

Group 1 - Outbrain Inc., now operating under the Teads brand, successfully closed a private offering of $637.5 million in senior secured notes due 2030 at an issue price of 98.087$625.0 million [2] - The proceeds from the offering were used to repay and cancel the indebtedness incurred under the senior secured bridge facility related to the acquisition of Teads [3] Group 2 - Outbrain and Teads combined on February 3, 2025, creating a new omnichannel outcomes platform for the open internet [4] - The new Teads focuses on driving full-funnel results for marketers by leveraging predictive AI technology and connecting quality media with brand creative [4] - The company partners with over 10,000 publishers and 20,000 advertisers globally, employing nearly 1,800 people across 36 countries [4]