Teads enters four-year $125 million non-recourse accounts receivable financing facility
TEAD•Teads Holding closed a four-year, $125 million non-recourse accounts receivable financing facility on Sept. 30, 2026. Proceeds will fund part of the purchase price for receivables acquired from subsidiaries, with the remainder for general corporate purposes.
1. Facility terms
The facility is scheduled to mature on Sept. 30, 2030, and requires minimum utilization of 25%. It carries a 0.5% fee on unused commitments.
2. Pricing and structure
Pricing is Term SOFR, EURIBOR or SONIA, each with a 2.50% floor, plus a 5.15% margin. Special-purpose borrowers will purchase receivables and borrow under a secured credit and security agreement led by Sound Point Agency.
