Teads’ Bonds Sink as Advertising Company Withdraws 2025 Guidance

Teads Holding Co.’s bonds were trading lower after the digital advertising platform withdrew guidance for 2025 when it released its second-quarter results.

• Its more than $637 million 10% secured bonds due in 2030 plunged to 70 cents on the dollar Thursday from 83.75 cents on Wednesday, according to pricing firm Trace
• The debt was put in place in February to help repay a bridge loan to support the tie-up between Outbrain and Teads
• Given that Teads sees a wide range of outcomes for the fourth quarter due to the impact of the post-merger integration, the company made the decision ...