Banks Shop Debt With Double-Digit Yield for Outbrain-Teads Deal

A trio of Wall Street banks are shopping a $625 million high-yield bond for Outbrain Inc.’s acquisition of video advertising platform Teads SA at a steep yield, according to people with knowledge of the deal.

Early pricing discussions are for a yield of about mid-10%, and the deal could price as soon as this week, said the people, who asked not to be identified discussing private information. That’s higher than similarly rated debt with single B ratings that yield 7.22% on average, according to data compiled by Bloomberg.

A representative for Goldman Sachs Group Inc., which is leading ...